Tenants get more power in NSW after new legislation passes
Amendments to current rental legislation aimed to give tenants more power have passed the NSW Parliament without any changes. What does thi...
It 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 $299,000
The augmented property values in the suburb are trailing behind the territorial average of -1.79% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $340.
Home owners selling their properties and realtors in SPENCER PARK usually have to wait an average of 105.6 days days before their assets are lifted off the market.
The WA suburb ranks 45th on the list of best yielding suburbs for rental properties in WA, posting a 5.91% return.
It also places places 337th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-12.57%||N/A|
|Median 3 years||-14.2%||N/A|
|Median 5 years||-6.56%||N/A|
|10 years average annual||-2.69%||N/A|
|Weekly media advert. rent||$340||N/A|
|Time on Market||105.6 days||N/A|
|Gross Rental Yield Percent||5.91%||N/A|
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