Esperance

POSTAL CODE: WA, 6450

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 61.25% capital gain.

It 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 $645,000

The augmented property values in the suburb are trailing above the territorial average of 16.6% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $480.

Home owners selling their properties and realtors in ESPERANCE usually have to wait an average of 88 days days before their assets are lifted off the market.

The WA suburb ranks 259th on the list of best yielding suburbs for rental properties in WA, posting a 3.87% return.

It also places places 166th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 43.36% over the last 12 months in ESPERANCE, 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 ESPERANCE, 6450 obtained a 28.21% growth over a ten-year period. It ranks 1265th on our list of suburbs that property investors should look into.

ESPERANCE, 6450 has a capital gain of 43.36% for the past year, which is higher than average compared to its 113.48% growth within a five-year period.

With the median home price in ESPERANCE sitting at $491,000, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

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

ESPERANCE, 6450 in WA belongs to the local government area of Esperance.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$645,000	$491,000
Growth Report
Median Quarterly	7.5%	0%
Median 12 month	46.59%	43.36%
Median 3 years	61.25%	10.34%
Median 5 years	92.54%	113.48%
10 years average annual	8.49%	28.21%
Weekly media advert. rent	$480	N/A
Time on Market	88 days	N/A
Gross Rental Yield Percent	3.87%	0%

Demographics (Median Values)*

Total Population 13397

Weekly Household Income 1349

Household Size 2.50

Average Age 40

Monthly Loan Repayment 1721

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

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type

.module-ajax-wrapper-js-only-732 { display: none !important; }