Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Figures from the previous quarter show that capital gains for real estate buyers in SOMERVILLE are low, 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 $410 based on current median home prices for the suburb.
On average, rents on listings have reached the $410 mark, reflecting a 4.85% increase in returns based on the current median price in SOMERVILLE.
SOMERVILLE, 6430 ranks 253rd in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 111th on the list of best yielding suburbs for rental properties in WA, posting a 4.85% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $440,000 | $236,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.56% | 5.83% |
| Median 12 month | -4.35% | 3.06% |
| Median 3 years | -4.35% | -21.07% |
| Median 5 years | -10.2% | -20% |
| 10 years average annual | -0.11% | 1.19% |
| Weekly media advert. rent | $410 | $330 |
| Time on Market | 98.1 days | 0.0 days |
| Gross Rental Yield Percent | 4.85% | 7.27% |
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