Pink Lake

POSTAL CODE: WA, 6450

HOUSE

PINK LAKE, 6450 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 $860,000.

Profits due to an upward trend in home prices in the suburb averaged 25.77% per annum over a 3-year period.

PINK LAKE now ranks at the 1st place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in PINK LAKE are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PINK LAKE, homes and units usually stay on listing for an average of 57.7 days.

In 2016, 15 properties were sold in PINK LAKE during the past year, making it the 418th most active market in WA based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$860,000	N/A
Growth Report
Median Quarterly	27.41%	N/A
Median 12 month	0%	N/A
Median 3 years	77.32%	N/A
Median 5 years	99.54%	N/A
10 years average annual	20.89%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	57.7 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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