At number 3136th in the list of Australian suburbs ordered by increase in median house value over the last year, Shoalwater, 6169 is in the BOTTOM 30% with a property value increase of -2.11% recorded in median house prices.
While Shoalwater,6169 ranked number 47th in WA for increase in median house value (annualised) increase, it is ranked 160th over the last 5 years.
Shoalwater6169 is located in WA which offers an average discount of -8.22% to property investors. Shoalwater itself is showing figures that indicate -6.68% is the average achievable by property buyers investing in the suburb.
In the last year 68 properties changed hands in Shoalwater, which puts it as the 176th most active market in WA when comparing the number of sales per suburb.
With the median price for a house in Shoalwater being $465000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.91%
Shoalwater has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -6.03% to date .
Shoalwater,6169 was ranked 1551 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Shoalwater is offering property investors an average of -7.58. This rate of discount on properties puts Suburb at number 34th in terms of most discounted suburbs in WA