With a capital gain of -1.30% for the last 12 months, Subiaco, 6008 has performed for property investments than its average annual 1.41% property growth over the last 5 years.
Subiaco,6008 has offered an average of -1.30% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Subiaco should be aiming for at least -6.23% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $687.5 mark per week – giving a return of 2.76% based on the median price in 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 -8.65%.
Subiaco,6008 has offered an average of -8.65% return per annum in house price rises to property investors over the last three years.
Subiaco, 6008 is offering WA ‘s 58th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this WA.
Renters in Suburb are facing rents around $22360 per annum or $430 every week.
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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.