487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
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 $315,000.
The upward trend in home prices in ORANA, 6330 averaged 1.78% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 5.78% increase in returns based on the current median price in ORANA.
An average of 4.75 real estate transactions take place per month in ORANA which translates to 57 per annum.
57 properties were sold in ORANA in 2016, making it the 105th most active market in WA based on total real estate transactions.
ORANA, 6330 places 333rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.55%||N/A|
|Median 3 years||5.35%||N/A|
|Median 5 years||6.78%||N/A|
|10 years average annual||0.7%||N/A|
|Weekly media advert. rent||$350||N/A|
|Time on Market||54.5 days||N/A|
|Gross Rental Yield Percent||5.78%||N/A|