Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investments in DRUMMOND COVE did not fare well against the rest of the country last year, registering a median home price decrease of -3.25%.
Based on its average 5-year and quarterly capital gains DRUMMOND COVE, 6532 saw average growth in the long term.
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 90.7 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 $372,500.
DRUMMOND COVE ranks 428th on the list of best yielding suburbs for rental properties in WA, posting a 0% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $372,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.24% | N/A |
| Median 12 month | -3.25% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -2.58% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 90.7 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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