At number 2627th in the list of Australian suburbs ordered by increase in median house value over the last year, Subiaco, 6008 is in the BOTTOM 40% with a property value increase of 1.74% recorded in median house prices.
A 0.29% growth in median value for property investors in Subiaco,6008 puts this suburb at number 159th in terms of best performing suburbs in WA
Vendor discounting in Subiaco is giving property investors an average Vendor Discount of around -6.94%. This puts suburb at number 250th in WA when ranking the most discounted suburbs.
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 -7.94%.
A 0.00% 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 $580000, with sellers offering an average of -9.19% off the asking price.
Property investors should expect to get $450 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.