Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
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 15.79% for the past year.
Investors saw the median home price rise to $550,000.
PINK LAKE now ranks at the th 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.
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 121.3 days.
In 2016, 17 properties were sold in PINK LAKE during the past year, making it the 361st most active market in WA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.79%||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||16.4%||N/A|
|10 years average annual||9.43%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||121.3 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|