HALLS HEAD, 6210 ranks 1242nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.89% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $875,000.
The upward trend in home prices in HALLS HEAD, 6210 averaged 21.7% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 3.86% increase in returns based on the current median price in HALLS HEAD.
An average of 31.17 real estate transactions take place per month in HALLS HEAD which translates to 374 per annum.
374 properties were sold in HALLS HEAD in 2016, making it the 208th most active market in WA based on total real estate transactions.
HALLS HEAD, 6210 places 293rd in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $665,000.
Average median unit prices in WA have risen as a whole, pulling HALLS HEAD, 6210 values up and netting property investors a capital gain of 33% for the past year.
Investors saw the median home price rise to $665,000.
The upward trend in home prices in HALLS HEAD, 6210 averaged 31.96% per annum over a 3-year period.
HALLS HEAD now ranks at the 20th 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 HALLS HEAD are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $590 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In HALLS HEAD, homes and units usually stay on listing for an average of 24.5 days.
33 properties were sold in HALLS HEAD in 2016, making it the 58th most active market in WA based on total real estate transactions.