If you compare the increase in value of investment property in Wagin, 6315 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 11.76%.
Wagin,6315 has offered an average of 11.76% return per annum in house price rises to property investors over the last three years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.23% offered to property buyers. Sellers in Wagin itself are offering an average vendor discount of -11.60% to real estate investors.
At number 3513 in a list of fastest selling suburbs, Wagin is in the bottom 10% of suburbs in Australia with an average of days on market 137.57 for properties listed there.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 7.39%, without taking into account capital value appreciation, which has been averaging out at 5.70%.