Property Market Update: Melbourne, July 2022
Melbourne continued its downward spiral in July, as the property values in the city recorded deeper declines during the ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $100,000.
The upward trend in home prices in MEEKATHARRA, 6642 averaged 61.9% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in MEEKATHARRA.
An average of 1.25 real estate transactions take place per month in MEEKATHARRA which translates to 15 per annum.
15 properties were sold in MEEKATHARRA in 2016, making it the 392nd most active market in WA based on total real estate transactions.
MEEKATHARRA, 6642 places 2nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||185.71%||N/A|
|Median 5 years||66.67%||N/A|
|10 years average annual||11.53%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||N/A||N/A|
|Gross Rental Yield Percent||N/A||N/A|