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North Beach
AREA REPORTS

North Beach

North Beach - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6020

house

Property investments in NORTH BEACH fare well against the rest of the country last year, registering a median home price increase of 9.22%.

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 NORTH BEACH, 6020 saw average growth in the long term.

Real estate investors could earn a rental income of $557.5 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 49.9 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 $983,000.

NORTH BEACH ranks 357th on the list of best yielding suburbs for rental properties in WA, posting a 2.95% return.

Data report can be found below

North Beach
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $983,000 N/A
GROWTH REPORT
Median Quarterly 12.34% N/A
Median 12 month 9.22% N/A
Median 3 years -9.82% N/A
Median 5 years 11.39% N/A
10 years average annual 2.48% N/A
Weekly media advert. rent $557.5 N/A
Time on Market 49.9 days N/A
Gross Rental Yield Percent 2.95% N/A
demographics (median values)*
Total Population
20791
Weekly Household Income
2138
Household Size
2.70
Age
44
Monthly Loan Repayment
2210
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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