Mahomets Flats

POSTAL CODE: WA, 6530

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains MAHOMETS FLATS, 6530 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MAHOMETS FLATS, 6530 obtained a 12.7% growth over a ten-year period. It ranks 3940th on our list of suburbs that property investors should look into.

MAHOMETS FLATS, 6530 in WA belongs to the local government area of Greater Geraldton.

MAHOMETS FLATS, 6530 has a capital gain of 33.33% for the past year, which is higher than average compared to its 110.13% growth within a five-year period.

With the median home price in MAHOMETS FLATS sitting at $560,000, and the average rent at $530, property owners could potentially earn a 4.92% increase in gross rental yield.

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

Homeowners and real estate investors betting on MAHOMETS FLATS, 6530 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 10.61%.

Property investors enjoyed capital gains of 10.61% over the last 12 months in MAHOMETS FLATS, translating to lower returns compared with its peers in WA.

MAHOMETS FLATS, 6530 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 $365,000.

Profits due to an upward trend in home prices in MAHOMETS FLATS, 6530 averaged 0% per annum over a 3-year period.

Home owners selling their properties and realtors in MAHOMETS FLATS usually have to wait an average of N/A days before their assets are lifted off the market.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in MAHOMETS FLATS.

MAHOMETS FLATS, 6530 places 93rd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$560,000	$365,000
Growth Report
Median Quarterly	13.09%	3.55%
Median 12 month	33.33%	10.61%
Median 3 years	63.03%	0%
Median 5 years	110.13%	0%
10 years average annual	12.7%	17.57%
Weekly media advert. rent	$530	N/A
Time on Market	30 days	N/A
Gross Rental Yield Percent	4.92%	0%

Demographics (Median Values)*

Total Population 32455

Weekly Household Income 1320

Household Size 2.50

Average Age 38

Monthly Loan Repayment 1690

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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