Perth Unit Market Takes Over In A Post-COVID Country First
Perth unit sales have risen by over 50 per cent in the past year, building on the capital’s current recovery trend. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $275,000.
The downward trend in home prices in ORANA, 6330 averaged -1.91% per annum over a 3-year period.
Average weekly rents on listings have reached the $335 mark, reflecting a 6.33% increase in returns based on the current median price in ORANA.
An average of 3.58 real estate transactions take place per month in ORANA which translates to 43 per annum.
43 properties were sold in ORANA in 2016, making it the 160th most active market in WA based on total real estate transactions.
ORANA, 6330 places 103rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.36%||N/A|
|Median 3 years||-5.74%||N/A|
|Median 5 years||-5.98%||N/A|
|10 years average annual||-0.68%||N/A|
|Weekly media advert. rent||$335||N/A|
|Time on Market||63.6 days||N/A|
|Gross Rental Yield Percent||6.33%||N/A|