At number 786th in the list of Australian suburbs ordered by increase in median house value over the last year, North Beach, 6020 is in the top 20% with a property value increase of 13.21% recorded in median house prices.
The five-year average increase in median property values for North Beach,6020 has given property investors a potential capital gain of -4.19% across each of those five years.
Property investors looking for a bargain in North Beach should be aiming for at least -11.66% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in North Beach being $972500 and the advertised rent reaching $510 the gross rental yield for property investors calculates out to be 2.73%
North Beach has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 10.62% to date .
Our latest figures would indicate that property sellers in North Beach are currently offering property investors an average price cut of -4.23% below the asking price at the moment.
With the median price for a house in North Beach being $625000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.00%