Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
Property investors enjoyed capital gains of 26.83% over the last 12 months in NORTHAM, translating to lower returns compared with its peers in WA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 1.29% growth over a ten-year period. It ranks 4330th on our list of suburbs that property investors should look into.
NORTHAM, 6401 has a capital gain of 26.83% for the past year, which is higher than average compared to its 10.64% growth within a five-year period.
With the median home price in NORTHAM sitting at $260,000, and the average rent at $310, property owners could potentially earn a 6.2% increase in gross rental yield.
A 26.83% increase in median property prices in NORTHAM, 6401 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 68th.
Figures from the previous quarter show that capital gains for real estate buyers in NORTHAM are high, as opposed to average gains per annum over the past five years.
NORTHAM, 6401 in WA belongs to the local government area of Northam (S).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||26.83%||N/A|
|Median 3 years||13.04%||N/A|
|Median 5 years||10.64%||N/A|
|10 years average annual||1.29%||N/A|
|Weekly media advert. rent||$310||N/A|
|Time on Market||82.5 days||N/A|
|Gross Rental Yield Percent||6.2%||N/A|