If you compare the increase in value of investment property in Subiaco, 6008 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -5.93%.
Across a shorter period, Subiaco, 6008 has seen a median price increase of -4.17% over the last quarter.
Our latest figures would indicate that property sellers in Subiaco are currently offering property investors an average price cut of -9.94% below the asking price at the moment.
On average over the past year, suburb has had 5.75 sales per month, which equates to 69 per year.
Subiaco is 344th on a list of best yielding suburbs for rents in WA with a 3.15% return
Property value increases in Subiaco have tracked lower than the WA average of -3.23% over the last 12 months.
If we look at median property appreciation over just the last three months, Subiaco has given property investors a paper return of -6.96%. This puts Suburb as 91 on a list of fastest fasting appreciating suburbs in WA
Our latest figures would indicate that property sellers in Subiaco are currently offering property investors an average price cut of -10.18% below the asking price at the moment.
Property investors should expect to get $425 weekly from the median priced house in this suburb.
‘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.