Property investors who have had real estate in Nollamara, 6061 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.67%
Nollamara,6061 was ranked 3220 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Nollamara should be aiming for at least -7.86% off the asking price, which is the average vendor discount being achieved at the moment.
Nollamara, 6061’s gross rental yield is 4.33%
Over the last year, property investments in Nollamara, 6061 have given investors a capital gain of -6.63%. This compares badly with the -2.78% for WA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nollamara has fallen somewhat when compared to the 5 year average annual rate.
Nollamara6061 is located in WA which offers an average discount of -8.10% to property investors. Nollamara itself is showing figures that indicate -9.51% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.
With the median price for a house in Nollamara being $345000 and the advertised rent reaching $327.5 the gross rental yield for property investors calculates out to be 4.94%