Over the last year, property investments in Subiaco, 6008 have given investors a capital gain of 0.00%. This compares favourably with the -2.32% for WA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Subiaco has increased when compared to the 5 year average annual rate.
Property investors should expect to get $700 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Subiaco, 6008 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -4.59%.
A -11.86% growth in median value for property investors in Subiaco,6008 puts this suburb at number 23th in terms of best performing suburbs in WA
Subiaco is 75th on a list of best yielding suburbs for rents in WA with a 4.20% return
‘Subi’, as many locals affectionately call it, is one of Perth’s most densely populated areas, and is right on the western edge of the CBD.Full summary
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‘Subi’, as many locals affectionately call it, is one of Perth’s most densely populated areas, and is right on the western edge of the CBD.Close
It’s a trendy suburb with a strong appeal to students and young professionals as well as growing families.
The suburb’s mainstay, Rokeby Street, offers a broad range of shopping amenities, while Perth’s iconic Kings Park directly borders Subiaco to the southeast.
Surprisingly, there remain more detached houses than apartments in Subiaco (34%), though this is expected to change as Perth embraces high-density living.
But being fairly built up already, the pace of high development should be kept in check.
While Subiaco’s median house values fell by 1% over the past 12 months, this drop is relatively small compared to Perth’s broader price performance.
OnTheHouse.com.au remains bullish about Subiaco’s prospects, forecasting 6% growth each year over the next eight years for houses, which would take the median value to $2,008,000.