RANGEWAY, 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 $91,000.
Profits due to an downward trend in home prices in the suburb averaged -14.26% per annum over a 3-year period.
RANGEWAY now ranks at the 324th place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $200 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 87.7 days.
In 2016, 40 properties were sold in RANGEWAY during the past year, making it the 163rd most active market in WA based on total real estate transactions.
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