Rangeway

RANGEWAY, 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 RANGEWAY, 6530 values up and netting property investors a capital gain of 32.14% for the past year.

Investors saw the median home price rise to $370,000.

Profits due to an upward trend in home prices in the suburb averaged 38.37% per annum over a 3-year period.

RANGEWAY now ranks at the 94th 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 RANGEWAY are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $450 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 RANGEWAY, homes and units usually stay on listing for an average of 40.5 days.

In 2016, 90 properties were sold in RANGEWAY during the past year, making it the 20th most active market in WA based on total real estate transactions.