Investment property in Subiaco has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.04%
Subiaco,6008 has offered an average of -2.04% return per annum in house price rises to property investors over the last three years.
Subiaco, 6008 is offering WA ‘s 215th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
Advertised rents are around the $695 mark per week – giving a return of 3.01% based on the median price in Suburb
With a capital gain of -9.09% for the last 12 months, Subiaco, 6008 has performed for property investments than its average annual 3.27% property growth over the last 5 years.
A -0.86% growth in median value for property investors in Subiaco,6008 puts this suburb at number 74th in terms of best performing suburbs in WA
The most recent median price for Subiaco is $575000, with sellers offering an average of -8.99% off the asking price.
At number 1204 in a list of fastest selling suburbs, Subiaco is in the bottom 20% of suburbs in Australia with an average of days on market 106.12 for properties listed there.
‘Subi’, as many locals affectionately call it, is one of Perth’s most densely populated areas, and is right on the western edge of the CBD.Full summary
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‘Subi’, as many locals affectionately call it, is one of Perth’s most densely populated areas, and is right on the western edge of the CBD.Close
It’s a trendy suburb with a strong appeal to students and young professionals as well as growing families.
The suburb’s mainstay, Rokeby Street, offers a broad range of shopping amenities, while Perth’s iconic Kings Park directly borders Subiaco to the southeast.
Surprisingly, there remain more detached houses than apartments in Subiaco (34%), though this is expected to change as Perth embraces high-density living.
But being fairly built up already, the pace of high development should be kept in check.
While Subiaco’s median house values fell by 1% over the past 12 months, this drop is relatively small compared to Perth’s broader price performance.
OnTheHouse.com.au remains bullish about Subiaco’s prospects, forecasting 6% growth each year over the next eight years for houses, which would take the median value to $2,008,000.