PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
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Property investors have seen a -0.93% drop in ABBEY based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ABBEY, 6280 saw average decrease in the long term.
The WA 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 $535,000
Profits averaged 0.96% per annum over a 3-year period, due to an upward trend in home prices in ABBEY, 6280.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in ABBEY, 6280 is 4.08%.
An average of 2.33 real estate transactions take place per month in ABBEY which translates to 28 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $535,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.93% | N/A |
| Median 12 month | 2.98% | N/A |
| Median 3 years | 2.88% | N/A |
| Median 5 years | -9.32% | N/A |
| 10 years average annual | 2.58% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 113.7 days | N/A |
| Gross Rental Yield Percent | 4.08% | N/A |
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