Preston Beach

POSTAL CODE: WA, 6215

HOUSE

UNIT

Property investors have seen a -8.67% drop in PRESTON BEACH based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains PRESTON BEACH, 6215 saw average growth in the long term.

The WA 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 $395,000

Profits averaged -0.33% per annum over a 3-year period, due to an downward trend in home prices in PRESTON BEACH, 6215.

This means, real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

The gross rental yield in PRESTON BEACH, 6215 is N/A.

An average of 4.58 real estate transactions take place per month in PRESTON BEACH which translates to 55 per annum.

Property investments in PRESTON BEACH did not fare well against the rest of the country last year, registering a median home price decrease of -16.67%.

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

Based on its average 5-year and quarterly capital gains PRESTON BEACH, 6215 saw average growth in the long term.

This means, real estate investors could earn a rental income of N/A 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 PRESTON BEACH, homes and units usually stay on listing for an average of 108.6 days.

the WA 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 $175,000

Investors saw the median home price rise to $175,000.

PRESTON BEACH ranks 182nd on the list of best yielding suburbs for rental properties in WA, posting a N/A return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$395,000	$175,000
Growth Report
Median Quarterly	-8.67%	-1.13%
Median 12 month	-7.06%	-16.67%
Median 3 years	-1.25%	0%
Median 5 years	37.63%	0%
10 years average annual	2.62%	22.44%
Weekly media advert. rent	N/A	N/A
Time on Market	49.2 days	108.6 days
Gross Rental Yield Percent	0%	0%

Demographics (Median Values)*

Total Population 4148

Weekly Household Income 1218

Household Size 2.50

Average Age 45

Monthly Loan Repayment 1636

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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