Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease in the long term.
The suburb 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 $360,000.
The downward trend in home prices in BINDOON, 6502 averaged -8.2% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BINDOON.
An average of 0.83 real estate transactions take place per month in BINDOON which translates to 10 per annum.
10 properties were sold in BINDOON in 2016, making it the 470th most active market in WA based on total real estate transactions.
BINDOON, 6502 places 380th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $360,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -8.86% | N/A |
| Median 12 month | -14.99% | N/A |
| Median 3 years | -24.61% | N/A |
| Median 5 years | -19.55% | N/A |
| 10 years average annual | -1.19% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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