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 $340,000.
Home owners selling their properties and realtors in PORT HEDLAND usually have to wait an average of 126.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $550 mark, reflecting a 8.41% increase in returns based on the current median price in PORT HEDLAND.
PORT HEDLAND, 6721 places 302nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $340,000 | $166,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.23% | N/A |
| Median 12 month | -35.24% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -1.81% | N/A |
| Weekly media advert. rent | $550 | $325 |
| Time on Market | 126.1 days | 80.0 days |
| Gross Rental Yield Percent | 8.41% | 10.18% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...