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 -4.08%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Subiaco has fallen somewhat when compared to the 5 year average annual rate.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.26% offered to property buyers. Sellers in Subiaco itself are offering an average vendor discount of -9.79% to real estate investors.
Subiaco, 6008’s gross rental yield is 3.10%
At number 1649th in the list of Australian suburbs ordered by increase in median house value over the last year, Subiaco, 6008 is in the BOTTOM 10% with a property value increase of -15.16% recorded in median house prices.
Over the longer term, Subiaco has seen property prices show investors a -19.14% return over the last 3 years. This is an improvement over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Subiaco, 6008. Typically our figures indicate that -9.91% is being offered, which puts this WA suburb at 53th most discounted overall in Australia.
Often selling an investment property can take time, and in Subiaco the average time real estate has been on the market is 102.39 days.
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.