Property Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
BERESFORD, 6530 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 BERESFORD, 6530 values up and netting property investors a capital gain of 15.25% for the past year.
Investors saw the median home price rise to $340,000.
Profits due to an upward trend in home prices in the suburb averaged 1.22% per annum over a 3-year period.
BERESFORD now ranks at the 376th 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 BERESFORD 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 $295 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 BERESFORD, homes and units usually stay on listing for an average of 75.4 days.
In 2016, 30 properties were sold in BERESFORD during the past year, making it the 212th most active market in WA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.25%||N/A|
|Median 3 years||3.66%||N/A|
|Median 5 years||6.25%||N/A|
|10 years average annual||-1.57%||N/A|
|Weekly media advert. rent||$295||$230|
|Time on Market||75.4 days||0.0 days|
|Gross Rental Yield Percent||4.51%||8.36%|