MIRA MAR, 6330 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 $822,500.
Profits due to an upward trend in home prices in the suburb averaged 21.5% per annum over a 3-year period.
MIRA MAR now ranks at the 23rd 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 MIRA MAR are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $590 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 MIRA MAR, homes and units usually stay on listing for an average of 54.7 days.
In 2016, 34 properties were sold in MIRA MAR during the past year, making it the 220th most active market in WA based on total real estate transactions.
MIRA MAR ranks 147th in WA when it comes to estimated capital gains experienced by property investors over the past three years.
MIRA MAR, 6330 has a capital gain of 0% for the past year, which is lower than average compared to its 79.25% growth within a five-year period.
With the median home price in MIRA MAR sitting at $475,000, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.
Property investors have seen a 7.34% gain in MIRA MAR based on an increase 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 MIRA MAR, 6330 obtained a 21.82% growth over a ten-year period. It ranks 1286th on our list of suburbs that property investors should look into.