Pink Lake

PINK LAKE, 6450 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling PINK LAKE, 6450 values up and netting property investors a capital gain of 18.52% for the past year.

Investors saw the median home price rise to $800,000.

Profits due to an upward trend in home prices in the suburb averaged 25.93% per annum over a 3-year period.

PINK LAKE now ranks at the 473rd 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 low, 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 34 days.

In 2016, 17 properties were sold in PINK LAKE during the past year, making it the 378th most active market in WA based on total real estate transactions.