‘Stable’ population growth to bolster building activity
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $270,000.
The downward trend in home prices in GLEN IRIS, 6230 averaged -7.02% per annum over a 3-year period.
Average weekly rents on listings have reached the $340 mark, reflecting a 6.55% increase in returns based on the current median price in GLEN IRIS.
An average of 2.58 real estate transactions take place per month in GLEN IRIS which translates to 31 per annum.
31 properties were sold in GLEN IRIS in 2016, making it the 207th most active market in WA based on total real estate transactions.
GLEN IRIS, 6230 places 344th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $270,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.93% | N/A |
| Median 12 month | -18.18% | N/A |
| Median 3 years | -21.05% | N/A |
| Median 5 years | -15.63% | N/A |
| 10 years average annual | -1.66% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 135.1 days | N/A |
| Gross Rental Yield Percent | 6.55% | N/A |
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
New research has provided insights into where the highest number of homes are being built and whether construction is rising or falling. ...
Better Choice Home Loans has launched a new 95 per cent LVR home loan product, which aims to help more first home buyers enter the property ...
The Reserve Bank has touted the possibility of an investor-driven resurgence in the residential property market. ...
CoreLogic’s Top Rental Performers Report has reported 42 out of 100 of the top-rated suburbs in all of Australia are located in Queensland...
Experts say that Perth, along with Brisbane and Adelaide, is just at the right stage of the property cycle, having achieved a balance betwee...
Get notifications in real-time for staying up to date with content that matters to you.