Binningup

POSTAL CODE: WA, 6233

HOUSE

Homeowners and real estate investors betting on BINNINGUP, 6233 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 32.86%.

A steady increase in median property prices over a five-year period in the suburb translates to a 66.67% capital gain.

Property investors in BINNINGUP enjoyed capital gains of 32.86% over the last 12 months translating to higher returns compared with its peers in the territory.

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 $750,000.

Profits due to an upward trend in home prices there averaged 22.22% per annum over a 3-year period.

Home owners selling their properties and realtors in BINNINGUP usually have to wait an average of 28.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $620 mark, reflecting a 4.3% increase in returns based on the current median price in BINNINGUP.

BINNINGUP, 6233 places 70th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$750,000	N/A
Growth Report
Median Quarterly	9.49%	N/A
Median 12 month	32.86%	N/A
Median 3 years	66.67%	N/A
Median 5 years	80.72%	N/A
10 years average annual	8.38%	N/A
Weekly media advert. rent	$620	N/A
Time on Market	28.8 days	N/A
Gross Rental Yield Percent	4.3%	N/A

Demographics (Median Values)*

Total Population 18844

Weekly Household Income 1665

Household Size 2.70

Average Age 36

Monthly Loan Repayment 1866

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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