Property investments in MARGARET RIVER fare well against the rest of the country last year, registering a median home price increase of 26.36%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains MARGARET RIVER, 6285 saw average growth in the long term.
Real estate investors could earn a rental income of $750 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 33 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $973,000.
MARGARET RIVER ranks 270th on the list of best yielding suburbs for rental properties in WA, posting a 4.01% return.
MARGARET RIVER, 6285 ranks 64th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 33.87% for property investors last year.
Based on its average 5-year and quarterly capital gains MARGARET RIVER, 6285 saw average growth in the long term.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in MARGARET RIVER, 6285 averaged 21.67% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in MARGARET RIVER.
An average of 1.5 real estate transactions take place per month in MARGARET RIVER which translates to 18 per annum.
18 properties were sold in MARGARET RIVER during the past year, making it the 109th most active market in WA based on total real estate transactions.
MARGARET RIVER, 6285 places 2nd in Australia based on median property value growth during the quarter.