If you compare the increase in value of investment property in Northam, 6401 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -1.63%.
Northam,6401 was ranked 2010 in Australia by increase in median property value over the quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Northam itself are offering an average vendor discount of -14.10% to real estate investors.
Often selling an investment property can take time, and in Northam the average time real estate has been on the market is 166.91 days.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 6.90%, without taking into account capital value appreciation, which has been averaging out at -4.49%.