Property investors who have had real estate in City Beach, 6015 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 -8.26%
City Beach,6015 was ranked 3092 in Australia by increase in median property value over the quarter.
City Beach, 6015 is offering WA ‘s 307th 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.
Information supplied by:
Acton Real Estate
If you compare the increase in value of investment property in City Beach, 6015 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -5.71%.
Over the longer term, City Beach has seen property prices show investors a -3.59% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in City Beach should be aiming for at least -12.91% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in City Beach have been waiting around 85.69 days to sell a property.
A $1250 per week rent on the median house gives suburb investors a gross yield of circa 4.04%, without taking into account capital value appreciation, which has been averaging out at 8.49%.
Selling points: Beach, Size of Land, Ocean Views, Parks, Executive Homes
Most sought-after properties: Large Family Homes with Ocean Views
Most common properties: Single Dwelling Residences
Top Amenities: Beach, Parks, Recreation
Local Industry and Business: Restaurants, Cafe's, Supermarkets, Dentist, Doctor, Generic Shopping
Best Streets: Windarra Drive
Public Transport: Bus
Main Arteries: The Boulevard, Oceanic Drive