With a capital gain of -5.41% for the last 12 months, Denmark, 6333 has performed for property investments than its average annual -0.44% property growth over the last 5 years.
Over the longer term, Denmark has seen property prices show investors a -5.91% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Denmark should be aiming for at least -7.07% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $335 and the average annual increase in value of a median property of -0.44%, investors should hope to achieve an overall return of 4.98%
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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.