Piccadilly

POSTAL CODE: WA, 6430

HOUSE

UNIT

Property investors have seen a 13.54% gain in PICCADILLY based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on PICCADILLY, 6430 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 27.95%.

Based on its average 5-year and quarterly capital gains PICCADILLY, 6430 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 $499,000

Profits averaged 14.67% per annum over a 3-year period, due to an upward trend in home prices in PICCADILLY, 6430.

This means, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

The gross rental yield in PICCADILLY, 6430 is 7.82%.

An average of 7.33 real estate transactions take place per month in PICCADILLY which translates to 88 per annum.

Property investments in PICCADILLY fare well against the rest of the country last year, registering a median home price increase of 31.03%.

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

Based on its average 5-year and quarterly capital gains PICCADILLY, 6430 saw average growth in the long term.

This means, real estate investors could earn a rental income of $570 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 PICCADILLY, homes and units usually stay on listing for an average of N/A.

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 $380,000

Investors saw the median home price rise to $380,000.

PICCADILLY ranks 10th on the list of best yielding suburbs for rental properties in WA, posting a 7.8% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$499,000	$380,000
Growth Report
Median Quarterly	13.54%	-1.3%
Median 12 month	27.95%	31.03%
Median 3 years	44.64%	78.82%
Median 5 years	55.94%	0%
10 years average annual	6.24%	16.09%
Weekly media advert. rent	$750	$570
Time on Market	26.3 days	N/A
Gross Rental Yield Percent	7.82%	7.8%

Demographics (Median Values)*

Total Population 22746

Weekly Household Income 2186

Household Size 2.70

Average Age 32

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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