Drummond Cove

POSTAL CODE: WA, 6532

HOUSE

Property investments in DRUMMOND COVE fare well against the rest of the country last year, registering a median home price increase of 11.5%.

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

Based on its average 5-year and quarterly capital gains DRUMMOND COVE, 6532 saw average growth in the long term.

Real estate investors could earn a rental income of $660 based on current median home prices for the suburb.

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 47.4 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 $630,000.

DRUMMOND COVE ranks 46th on the list of best yielding suburbs for rental properties in WA, posting a 5.45% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$630,000	N/A
Growth Report
Median Quarterly	14.55%	N/A
Median 12 month	11.5%	N/A
Median 3 years	40%	N/A
Median 5 years	65.79%	N/A
10 years average annual	4.08%	N/A
Weekly media advert. rent	$660	N/A
Time on Market	47.4 days	N/A
Gross Rental Yield Percent	5.45%	N/A

Demographics (Median Values)*

Total Population 6725

Weekly Household Income 1619

Household Size 2.70

Average Age 38

Monthly Loan Repayment 2000

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

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