Investment property in Subiaco has done 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 -4.91%
Over the longer term, Subiaco has seen property prices show investors a -4.08% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -8.60% to buyers in Subiaco at the moment, which is less than average for the rest of WA.
On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.
Using the current median advertised rental of $700 and the average annual increase in value of a median property of 1.50%, investors should hope to achieve an overall return of 3.13%
Subiaco is in the bottom 10% 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 -22.80%.
If we look at median property appreciation over just the last three months, Subiaco has given property investors a paper return of -8.96%. This puts Suburb as 94 on a list of fastest fasting appreciating suburbs in WA
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.43% offered to property buyers. Sellers in Subiaco itself are offering an average vendor discount of -9.28% to real estate investors.
At number 1046 in a list of fastest selling suburbs, Subiaco is in the bottom 40% of suburbs in Australia with an average of days on market 93.75 for properties listed there.
Renters in Suburb are facing rents around $5100 per annum or $425 every week.
‘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.