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Cervantes

Suburb Profile

Cervantes - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6511

house

Property investments in CERVANTES did not fare well against the rest of the country last year, registering a median home price decrease of -10%.

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

Based on its average 5-year and quarterly capital gains CERVANTES, 6511 saw average decrease in the long term.

Real estate investors could earn a rental income of $340 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 0.0 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $315,000.

CERVANTES ranks 88th on the list of best yielding suburbs for rental properties in WA, posting a 5.61% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $315,000 N/A
GROWTH REPORT
Median Quarterly -1.56% N/A
Median 12 month -10% N/A
Median 3 years -1.56% N/A
Median 5 years -10% N/A
10 years average annual 1.79% N/A
Weekly media advert. rent $340 N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent 5.61% N/A
demographics (median values)
Total Population
506
Weekly Household Income
765.1
Household Size
2.30
demographics
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