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West Perth
AREA REPORTS

West Perth

West Perth - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6005

house
unit

Property investments in WEST PERTH did not fare well against the rest of the country last year, registering a median home price decrease of 15.56%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains WEST PERTH, 6005 saw average growth in the long term.

Real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 66.5 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $780,000.

WEST PERTH ranks 385th on the list of best yielding suburbs for rental properties in WA, posting a 3% return.

Data report can be found below

West Perth
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $780,000 $390,000
GROWTH REPORT
Median Quarterly 5.76% -2.26%
Median 12 month 15.56% -4.88%
Median 3 years 20.93% -15.31%
Median 5 years 10.33% -26.07%
10 years average annual 1.5% -2.94%
Weekly media advert. rent $450 $410
Time on Market 66.5 days 57.4 days
Gross Rental Yield Percent 3% 5.47%
demographics (median values)*
Total Population
5624
Weekly Household Income
1736
Household Size
1.80
Age
33
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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