At number 3109th in the list of Australian suburbs ordered by increase in median house value over the last year, City Beach, 6015 is in the BOTTOM 30% with a property value increase of -8.04% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in City Beach has increased when compared to the 5 year average annual rate.
At number 132th of WA’s most discounted properties, City Beach is in the bottom 40% of the state/territory when listing in order of most discounted to least.
City Beach is 409th on a list of best yielding suburbs for rents in WA with a 2.69% return
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