When will house prices rise? A new report reveals all
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The suburb’s capital gain of -6.9% for the past year is lower than average compared to its 8.97% growth within a five-year period.
Also in WEST BUSSELTON, the median home price is sitting at $425,000, and the average rent at $380, this suggests property owners could potentially earn a 4.65% increase in gross rental yield.
Property investors have seen a -3.95% drop in WEST BUSSELTON based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 0.87% growth over a ten-year period. It ranks 3699th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $425,000 | $275,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.95% | 0% |
| Median 12 month | -6.9% | -16.03% |
| Median 3 years | 0% | -23.61% |
| Median 5 years | 8.97% | -16.92% |
| 10 years average annual | 0.87% | -1.08% |
| Weekly media advert. rent | $380 | $337.5 |
| Time on Market | 87.3 days | 0.0 days |
| Gross Rental Yield Percent | 4.65% | 6.38% |
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