Subiaco, 6008 ranked 343th in WA when comparing growth in median property values or capital gain over the last 12 months. Subiaco is one of 1662 in our list for WA
Over the longer term, Subiaco has seen property prices show investors a -9.90% return over the last 3 years. This is an improvement over the last 12 months
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.17% offered to property buyers. Sellers in Subiaco itself are offering an average vendor discount of -7.41% to real estate investors.
A $735 per week rent on the median house gives suburb investors a gross yield of circa 3.47%, without taking into account capital value appreciation, which has been averaging out at 0.15%.
Subiaco is in the bottom 30% in WA when comparing median price capital growth over the last year. Subiaco gave property investors a dismal capital gain figure when compared to the rest of the state, with -12.18%.
If we look at median property appreciation over just the last three months, Subiaco has given property investors a paper return of 5.98%. This puts Suburb as 11 on a list of fastest fasting appreciating suburbs in WA
The most recent median price for Subiaco is $522500, with sellers offering an average of -8.89% off the asking price.
Residents and property investors in Subiaco have been waiting around 95.75 days to sell a property.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.18%, without taking into account capital value appreciation, which has been averaging out at -0.24%.
‘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.