Why these suburbs are faring better than others as prices fall
New data points to which suburbs with the largest average land sizes in each capital city are bucking against general property market trends...
BROCKMAN, 6701 ranks 818th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 9.85% for property investors.
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 $206,250.
Average weekly rents on listings have reached the $400 mark, reflecting a 10.08% increase in returns based on the current median price in BROCKMAN.
An average of 1.17 real estate transactions take place per month in BROCKMAN which translates to 14 per annum.
14 properties were sold in BROCKMAN in 2016, making it the 371st most active market in WA based on total real estate transactions.
BROCKMAN, 6701 places 13th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $206,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 10.89% | N/A |
| Median 12 month | 9.85% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 22.03% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 55.6 days | N/A |
| Gross Rental Yield Percent | 10.08% | N/A |
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