Tom Price

POSTAL CODE: WA, 6751

HOUSE

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 $755,000.

The upward trend in home prices in TOM PRICE, 6751 averaged 7.42% per annum over a 3-year period.

Average weekly rents on listings have reached the $1650 mark, reflecting a 11.36% increase in returns based on the current median price in TOM PRICE.

An average of 1 real estate transactions take place per month in TOM PRICE which translates to 12 per annum.

12 properties were sold in TOM PRICE in 2016, making it the 482nd most active market in WA based on total real estate transactions.

TOM PRICE, 6751 places 53rd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$755,000	N/A
Growth Report
Median Quarterly	9.1%	N/A
Median 12 month	10.22%	N/A
Median 3 years	22.27%	N/A
Median 5 years	0%	N/A
10 years average annual	12.9%	N/A
Weekly media advert. rent	$1,650	N/A
Time on Market	N/A	N/A
Gross Rental Yield Percent	11.36%	N/A

Demographics (Median Values)*

Total Population 4927

Weekly Household Income 2443

Household Size 2.80

Average Age 33

Monthly Loan Repayment 737

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

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