Property investors enjoyed capital gains of 5.41% over the last 12 months in SOMERVILLE, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in SOMERVILLE are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
On average, rents on listings have reached the $400 mark, reflecting a 4.55% increase in returns based on the current median price in SOMERVILLE.
SOMERVILLE, 6430 ranks 67th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 138th on the list of best yielding suburbs for rental properties in WA, posting a 4.55% return.
Property investors have seen a -5.51% drop in SOMERVILLE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SOMERVILLE, 6430 saw average decrease in the long term.
SOMERVILLE, 6430 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 $223,000.
Profits due to an downward trend in home prices in SOMERVILLE, 6430 averaged -8.96% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
The gross rental yield in SOMERVILLE, 6430 is 7.46%.
An average of 1.17 real estate transactions take place per month in SOMERVILLE which translates to 14 per annum.
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