Property investors who have had real estate in Subiaco, 6008 should be 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 -12.21%
When looking at the potential capital gains offered to property investors over the last 3 years, Subiaco comes in at number 142th in WA.
Subiaco6008 is located in WA which offers an average discount of -7.91% to property investors. Subiaco itself is showing figures that indicate -6.33% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Subiaco the average time real estate has been on the market is 47.0308 days.
The WA suburb of Subiaco, 6008 is in the Subiaco (C) local government area.
If you compare the increase in value of investment property in Subiaco, 6008 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -10.00%.
Subiaco,6008 has offered an average of -10.00% return per annum in house price rises to property investors over the last three years.
Subiaco6008 is located in WA which offers an average discount of -8.80% to property investors. Subiaco itself is showing figures that indicate -7.08% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $425 mark per week – giving a return of 4.91% based on the median price in Suburb
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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.