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Shoalwater
AREA REPORTS

Shoalwater

Shoalwater - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6169

house
unit

SHOALWATER, 6169 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling SHOALWATER, 6169 values up and netting property investors a capital gain of 8.6% for the past year.

Investors saw the median home price rise to $467,000.

Profits due to an upward trend in home prices in the suburb averaged 5.39% per annum over a 3-year period.

SHOALWATER now ranks at the 360th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $380 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SHOALWATER, homes and units usually stay on listing for an average of 54.8 days.

In 2016, 125 properties were sold in SHOALWATER during the past year, making it the 463rd most active market in WA based on total real estate transactions.

Data report can be found below

Shoalwater
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $467,000 $209,000
GROWTH REPORT
Median Quarterly 1.52% 12.97%
Median 12 month 8.6% 27.05%
Median 3 years 16.17% -5%
Median 5 years 2.08% -27.93%
10 years average annual 1.45% 3.53%
Weekly media advert. rent $380 $250
Time on Market 54.8 days 65.6 days
Gross Rental Yield Percent 4.23% 6.22%
demographics (median values)*
Total Population
34667
Weekly Household Income
1360
Household Size
2.60
Age
39
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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