Housing finance records continue to tumble
Australian housing loan commitment has reached another record high in January, rising by 10.5 per cent in the last month alone, official fig...
Homeowners and real estate investors betting on NANNUP, 6275 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 36.32%.
A steady increase in median property prices over a five-year period in the suburb translates to a 22.58% capital gain.
Property investors in NANNUP enjoyed capital gains of 36.32% over the last 12 months translating to lower 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 $380,000.
Profits due to an upward trend in home prices there averaged 7.53% per annum over a 3-year period.
Home owners selling their properties and realtors in NANNUP usually have to wait an average of 201.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $335 mark, reflecting a 4.58% increase in returns based on the current median price in NANNUP.
NANNUP, 6275 places 181st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $380,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.98% | N/A |
| Median 12 month | 36.32% | N/A |
| Median 3 years | 22.58% | N/A |
| Median 5 years | 5.92% | N/A |
| 10 years average annual | 7.99% | N/A |
| Weekly media advert. rent | $335 | N/A |
| Time on Market | 201.0 days | N/A |
| Gross Rental Yield Percent | 4.58% | N/A |
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