Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
CAPEL, 6271 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 $349,000.
Profits due to an upward trend in home prices in the suburb averaged 1.03% per annum over a 3-year period.
CAPEL now ranks at the 169th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in CAPEL are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $330 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CAPEL, homes and units usually stay on listing for an average of 132.8 days.
In 2016, 31 properties were sold in CAPEL during the past year, making it the 197th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $349,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.29% | N/A |
| Median 12 month | -1.55% | N/A |
| Median 3 years | 3.1% | N/A |
| Median 5 years | 10.79% | N/A |
| 10 years average annual | 1.2% | N/A |
| Weekly media advert. rent | $330 | N/A |
| Time on Market | 132.8 days | N/A |
| Gross Rental Yield Percent | 4.92% | N/A |
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
New data has revealed the suburbs that experienced the highest negative growth over 2018. ...
The Liberal government organised a roundtable with many of Australia’s top property experts to discuss what changes to negative gearing an...
Property investor Matthew Preston said that being an efficient investor is all about taking small, manageable steps to meet your goals. He s...
Based on the current trends in the real estate market, Real Estate Business’ Tim Neary believes that technology in property, or ‘prop te...
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...