With a capital gain of 8.70% for the last 12 months, Subiaco, 6008 has performed for property investments than its average annual 0.55% property growth over the last 5 years.
Over the longer term, Subiaco has seen property prices show investors a 2.46% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Subiaco 6008 should be seeing an average reduction in asking price of around -5.75% . This means that Subiaco is holding prices well when compared to other suburbs in WA.
Using the current median advertised rental of $750 and the average annual increase in value of a median property of 0.55%, investors should hope to achieve an overall return of 3.12%
Subiaco, 6008 ranked 45th in WA when comparing growth in median property values or capital gain over the last 12 months. Subiaco is one of 1662 in our list for WA
The five-year average increase in median property values for Subiaco,6008 has given property investors a potential capital gain of -16.53% across each of those five years.
The most recent median price for Subiaco is $505000, with sellers offering an average of -5.50% off the asking price.
Using the current median advertised rental of $425 and the average annual increase in value of a median property of -2.01%, investors should hope to achieve an overall return of 4.38%
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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.
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.