Australia Heads Towards An Apartment Drought
The Property Council is predicting an apartment supply crunch across some of the country’s largest housing markets, wh...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth 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 $460,000.
The upward trend in home prices in BINDOON, 6502 averaged 5% per annum over a 3-year period.
Average weekly rents on listings have reached the $395 mark, reflecting a 4.47% increase in returns based on the current median price in BINDOON.
An average of 2.25 real estate transactions take place per month in BINDOON which translates to 27 per annum.
27 properties were sold in BINDOON in 2016, making it the 233rd most active market in WA based on total real estate transactions.
BINDOON, 6502 places 358th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15%||N/A|
|Median 3 years||15%||N/A|
|Median 5 years||4.55%||N/A|
|10 years average annual||3.13%||N/A|
|Weekly media advert. rent||$395||N/A|
|Time on Market||143.7 days||N/A|
|Gross Rental Yield Percent||4.47%||N/A|