Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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A steady increase in median property prices over a five-year period in the suburb translates to a 53.97% capital gain.
It 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 $48,500
The augmented property values in the suburb are trailing above the territorial average of -1.6% in 2016.
Home owners selling their properties and realtors in NORSEMAN usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The WA suburb ranks 460th on the list of best yielding suburbs for rental properties in WA, posting a 0% return.
It also places places 270th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $48,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.02% | N/A |
| Median 12 month | 2.11% | N/A |
| Median 3 years | 53.97% | N/A |
| Median 5 years | 56.45% | N/A |
| 10 years average annual | 0.38% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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