Property investors who have had real estate in Denmark, 6333 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.70%
Comparing Denmark,6333 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Denmark6333 is located in WA which offers an average discount of -8.58% to property investors. Denmark itself is showing figures that indicate -8.50% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 1.56%, investors should hope to achieve an overall return of 4.52%
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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.