REDBANK PLAINS 
1 MIN READNew Government Should Change The Conversation About Investing: PIPA
The Property Investment Professionals of Australia (PIPA) has issued a firm call to the new government: prioritise the r...
Read More
EsperanceEsperance - SUBURB PROFILE REPORT
SHARE 
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 $352,000
The augmented property values in the suburb are trailing behind the territorial average of 14.43% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $350.
Home owners selling their properties and realtors in ESPERANCE usually have to wait an average of 84.6 days days before their assets are lifted off the market.
The WA suburb ranks 127th on the list of best yielding suburbs for rental properties in WA, posting a 5.17% return.
It also places places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $352,000 | $250,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -3.85% |
| Median 12 month | 6.67% | 8.7% |
| Median 3 years | 19.32% | N/A |
| Median 5 years | -0.85% | N/A |
| 10 years average annual | 0.62% | -0.91% |
| Weekly media advert. rent | $350 | $270 |
| Time on Market | 84.6 days | 0.0 days |
| Gross Rental Yield Percent | 5.17% | 5.62% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
