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There are plenty of properties out there, but not all properties are investment-grade properties, writes Lloyd Edge. ...
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A 3.23% increase in median property prices in ESPERANCE, 6450 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 99th.
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 $320,000
The augmented property values in the suburb are trailing above the territorial average of -1.64% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $310.
Home owners selling their properties and realtors in ESPERANCE usually have to wait an average of 147.2 days days before their assets are lifted off the market.
The WA suburb ranks 142nd on the list of best yielding suburbs for rental properties in WA, posting a 5.04% return.
It also places places 357th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $320,000 | $270,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.74% | N/A |
| Median 12 month | 3.23% | N/A |
| Median 3 years | -5.88% | N/A |
| Median 5 years | -8.57% | -9.55% |
| 10 years average annual | -0.5% | 5.11% |
| Weekly media advert. rent | $310 | $255 |
| Time on Market | 147.2 days | 0.0 days |
| Gross Rental Yield Percent | 5.04% | 4.91% |
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