High-end capital city markets lead property upswing
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Property investors have seen a 1.03% gain in PICCADILLY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PICCADILLY, 6430 saw average growth in the long term.
The WA 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 $245,000
Profits averaged -5.17% per annum over a 3-year period, due to an downward trend in home prices in PICCADILLY, 6430.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in PICCADILLY, 6430 is 8.07%.
An average of 3.75 real estate transactions take place per month in PICCADILLY which translates to 45 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $245,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.03% | N/A |
| Median 12 month | -20.97% | N/A |
| Median 3 years | -15.52% | N/A |
| Median 5 years | -27.73% | N/A |
| 10 years average annual | -2.39% | N/A |
| Weekly media advert. rent | $380 | N/A |
| Time on Market | 111.6 days | N/A |
| Gross Rental Yield Percent | 8.07% | N/A |
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