Perth’s luxury property growth ranked highest in Australia
Smaller cities have outranked the major capitals for prime luxury residential real estate price growth, a new report has shown. ...
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 $230,000
The augmented property values in the suburb are trailing behind the territorial average of 3.59% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $475.
Home owners selling their properties and realtors in NEWMAN usually have to wait an average of 83.3 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 10.74% return.
It also places places 128th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $230,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.55% | N/A |
| Median 12 month | 2.22% | N/A |
| Median 3 years | 52.32% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 6.24% | N/A |
| Weekly media advert. rent | $475 | N/A |
| Time on Market | 83.3 days | N/A |
| Gross Rental Yield Percent | 10.74% | N/A |
Smaller cities have outranked the major capitals for prime luxury residential real estate price growth, a new report has shown. ...
The banks are customer hungry, meaning they’re willing to offer increased discounts to new customers and apply these discounts to existing...
Despite the pandemic, house and unit prices rose across Australia last year. But will this resilience persist in 2021? ...
Prices across the high-end property market are tipped to see exponential growth as demand for space and comfort increases. ...
Nearly one in 10 Victorian properties is at a very high risk of a climate hazard, new research has revealed, pinpointing the regions that ...
With JobSeeker coming to an end in March, how will the Australian housing market fare? ...
Get notifications in real-time for staying up to date with content that matters to you.
