Top 10 Suburbs For Unit Price Growth In Perth
In July 2021, a CoreLogic study showed a record high gap between median house and unit prices in the Australian property...
A 33.33% increase in median property prices in NEWMAN, 6753 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 33rd.
A steady increase in median property prices over a five-year period in the suburb translates to a 96.72% capital gain.
It 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 $300,000
The augmented property values in the suburb are trailing above the territorial average of 12.68% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $550.
Home owners selling their properties and realtors in NEWMAN usually have to wait an average of 59.0 days days before their assets are lifted off the market.
The WA suburb ranks 8th on the list of best yielding suburbs for rental properties in WA, posting a 9.53% return.
It also places places 263rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||33.33%||N/A|
|Median 3 years||96.72%||N/A|
|Median 5 years||43.88%||N/A|
|10 years average annual||-2.91%||N/A|
|Weekly media advert. rent||$550||N/A|
|Time on Market||59.0 days||N/A|
|Gross Rental Yield Percent||9.53%||N/A|