Shoalwater is in the TOP 30% in WA when comparing median price capital growth over the last year. Shoalwater gave property investors a good capital gain figure when compared to the rest of the state, with 2.38%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Shoalwater has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Shoalwater are currently offering property investors an average price cut of -9.92% below the asking price at the moment.
Property investors should expect to get $360 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Shoalwater, 6169 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -39.06%.
If we look at median property appreciation over just the last three months, Shoalwater has given property investors a paper return of -14.29%. This puts Suburb as 113 on a list of fastest fasting appreciating suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Shoalwater is offering property investors an average of -8.81. This rate of discount on properties puts Suburb at number 7th in terms of most discounted suburbs in WA
With the median price for a house in Shoalwater being $195000 and the advertised rent reaching $227.5 the gross rental yield for property investors calculates out to be 6.07%