Investment property in Shoalwater has done pretty 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 -2.17%
Taking the average capital gain, or increase in median house value, Shoalwater,6169 has racked up an average of -2.17% over the period. This ranks it number 3886th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Shoalwater are currently offering property investors an average price cut of -8.47% below the asking price at the moment.
At number 2881 in a list of fastest selling suburbs, Shoalwater is in the bottom 30% of suburbs in Australia with an average of days on market 106.59 for properties listed there.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
At number 1631th in the list of Australian suburbs ordered by increase in median house value over the last year, Shoalwater, 6169 is in the BOTTOM 10% with a property value increase of -14.14% 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 Shoalwater has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Shoalwater is offering property investors an average of -8.43. This rate of discount on properties puts Suburb at number 5th in terms of most discounted suburbs in WA
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 1.17%, investors should hope to achieve an overall return of 5.22%