WA has seen average median house prices change by -1.72% which means that Denmark, 6333 has not done well for property investors by showing a capital gain of -7.19% over the last year
While Denmark,6333 ranked number 144th in WA for increase in median house value (annualised) increase, it is ranked 48th over the last 5 years.
Our latest figures would indicate that property sellers in Denmark are currently offering property investors an average price cut of -10.00% below the asking price at the moment.
At number 3565 in a list of fastest selling suburbs, Denmark is in the bottom 10% of suburbs in Australia with an average of days on market 135.25 for properties listed there.
Advertised rents are around the $330 mark per week – giving a return of 4.83% based on the median price in Suburb
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Tourist hub teems with houses
Median house price: $369,000
Stock on market: 32.4%
12-month growth: -1.6%
Along the Rainbow Coast of WA, the suburb of Denmark is a big hit with tourists because it offers both lovely forests and stunning white sand beaches. Its mild climate makes it ideal as year-round travel destination for those love nature, food and wine.
Denmark sits where its namesake river merges with the Wilson Inlet. The area teems with beautiful flora and fauna while generating remarkable views of the Southern Ocean.
Holidaymakers flock to this area, but it also serves as a permanent home to locals who enjoy the small-town feel. Housing stock has increased markedly over the year to October 2018 by 32% - going from 72 to 95. With Perth remaining in a recovery position for now, however, house values have not risen since 2013, bringing the median price to only $369,000.