Property market update: Perth, November 2018
The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...
Homeowners and real estate investors betting on HANNANS, 6430 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 12.48%.
Property investors in HANNANS enjoyed capital gains of 12.48% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $365,000.
Profits due to an downward trend in home prices there averaged -2.53% per annum over a 3-year period.
Home owners selling their properties and realtors in HANNANS usually have to wait an average of 125.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $410 mark, reflecting a 5.84% increase in returns based on the current median price in HANNANS.
HANNANS, 6430 places 75th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $365,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.38% | N/A |
| Median 12 month | 12.48% | N/A |
| Median 3 years | -7.59% | N/A |
| Median 5 years | -7.71% | N/A |
| 10 years average annual | -0.32% | N/A |
| Weekly media advert. rent | $410 | N/A |
| Time on Market | 125.0 days | N/A |
| Gross Rental Yield Percent | 5.84% | N/A |
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