Property investors who have had real estate in Binningup, 6233 should be relatively 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 -1.54%
Taking the average capital gain, or increase in median house value, Binningup,6233 has racked up an average of -1.54% over the period. This ranks it number 3801th in the whole country for real estate investors looking at median house price increases.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.17% offered to property buyers. Sellers in Binningup itself are offering an average vendor discount of -7.27% to real estate investors.
At number 3737 in a list of fastest selling suburbs, Binningup is in the bottom 10% of suburbs in Australia with an average of days on market 169.93 for properties listed there.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.