Property investors who have had real estate in Waikiki, 6169 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.40%
When looking at the potential capital gains offered to property investors over the last 3 years, Waikiki comes in at number 171th in WA.
Property investors looking for a bargain in Waikiki should be aiming for at least -7.83% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2583 in a list of fastest selling suburbs, Waikiki is in the bottom 40% of suburbs in Australia with an average of days on market 97.58 for properties listed there.
Advertised rents are around the $340 mark per week – giving a return of 4.71% based on the median price in Suburb
In the last year 15 properties changed hands in Waikiki, which puts it as the 93th most active market in WA when comparing the number of sales per suburb.
With the median price for a house in Waikiki being $340000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.44%