At number 528th 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 19.01% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Beach has increased when compared to the 5 year average annual rate.
The most recent median price for North Beach is $1017500, with sellers offering an average of -9.96% off the asking price.
Residents and property investors in North Beach have been waiting around 91.48 days to sell a property.
North Beach has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.55% to date .
LACK OF BUYER INTEREST may well be the reason that North Beach is offering property investors an average of -9.02. This rate of discount on properties puts Suburb at number 94th in terms of most discounted suburbs in WA
Advertised rents are around the $355 mark per week – giving a return of 3.52% based on the median price in Suburb