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...
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 $370,000.
Profits due to an upward trend in home prices there averaged 1.02% per annum over a 3-year period.
Home owners selling their properties and realtors in HANNANS usually have to wait an average of 55.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $500 mark, reflecting a 7.03% increase in returns based on the current median price in HANNANS.
HANNANS, 6430 places 479th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-7.5%||N/A|
|Median 3 years||3.06%||N/A|
|Median 5 years||-7.5%||N/A|
|10 years average annual||-1.12%||N/A|
|Weekly media advert. rent||$500||N/A|
|Time on Market||55.6 days||N/A|
|Gross Rental Yield Percent||7.03%||N/A|