ORANA, 6330 ranks 294th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 24.72% for property investors.
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 $555,000.
The upward trend in home prices in ORANA, 6330 averaged 19.22% per annum over a 3-year period.
Average weekly rents on listings have reached the $570 mark, reflecting a 5.34% increase in returns based on the current median price in ORANA.
An average of 2.92 real estate transactions take place per month in ORANA which translates to 35 per annum.
35 properties were sold in ORANA in 2016, making it the 214th most active market in WA based on total real estate transactions.
ORANA, 6330 places 38th in Australia based on median property value growth during the quarter.