At number 3989th 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 -12.59% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Subiaco comes in at number 355th in WA.
Subiaco, 6008 is offering WA ‘s 100th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this WA.
Property investors should expect to get $707.5 weekly from the median priced house in this suburb.
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 -18.84%
Across a shorter period, Subiaco, 6008 has seen a median price increase of -5.05% over the last quarter.
Subiaco6008 is located in WA which offers an average discount of -8.71% to property investors. Subiaco itself is showing figures that indicate -9.05% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 11.58 sales per month, which equates to 139 per year.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.47%, without taking into account capital value appreciation, which has been averaging out at 0.46%.
‘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.