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Spearwood
AREA REPORTS

Spearwood

Spearwood - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6163

house
unit

Property investors enjoyed capital gains of 2.92% over the last 12 months in SPEARWOOD, translating to lower returns compared with its peers in WA.

A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a -0.21% decrease over a ten-year period. It ranks 4373rd on our list of suburbs that property investors should look into.

SPEARWOOD, 6163 has a capital gain of 2.92% for the past year, which is higher than average compared to its -15.38% growth within a five-year period.

With the median home price in SPEARWOOD sitting at $440,000, and the average rent at $360, property owners could potentially earn a 4.25% increase in gross rental yield.

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

SPEARWOOD, 6163 in WA belongs to the local government area of Cockburn (C).

Data report can be found below

Spearwood
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $440,000 $265,000
GROWTH REPORT
Median Quarterly 2.33% 2.71%
Median 12 month 2.92% -8.62%
Median 3 years -2.22% -27.4%
Median 5 years -15.38% -31.72%
10 years average annual -0.21% -0.68%
Weekly media advert. rent $360 $315
Time on Market 76.9 days 108.9 days
Gross Rental Yield Percent 4.25% 6.18%
demographics (median values)*
Total Population
50359
Weekly Household Income
1424
Household Size
2.40
Age
40
Monthly Loan Repayment
1950
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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