Property buyers warned on hasty decisions with HomeBuilder grant
Property buyers looking to cash in on the HomeBuilder grant should proceed with caution, with uncertainty around building costs and job secu...
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 $410,050.
Profits due to an upward trend in home prices there averaged 5.72% per annum over a 3-year period.
Home owners selling their properties and realtors in PORT HEDLAND usually have to wait an average of 70.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $750 mark, reflecting a 9.51% increase in returns based on the current median price in PORT HEDLAND.
PORT HEDLAND, 6721 places 223rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $410,050 | $210,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.61% | -2.1% |
| Median 12 month | -1.31% | -2.33% |
| Median 3 years | 17.16% | 26.51% |
| Median 5 years | -54.94% | -68.42% |
| 10 years average annual | -5.21% | 6.62% |
| Weekly media advert. rent | $750 | $407.5 |
| Time on Market | 70.8 days | 79.5 days |
| Gross Rental Yield Percent | 9.51% | 10.09% |
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