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 56.41% 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 $610,000

The augmented property values in the suburb are trailing above the territorial average of 13.93% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $500.

Home owners selling their properties and realtors in ESPERANCE usually have to wait an average of 90.5 days days before their assets are lifted off the market.

The WA suburb ranks 209th on the list of best yielding suburbs for rental properties in WA, posting a 4.26% return.

It also places places 27th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 31.39% 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 22.93% growth over a ten-year period. It ranks 1268th on our list of suburbs that property investors should look into.

ESPERANCE, 6450 has a capital gain of 31.39% for the past year, which is higher than average compared to its 95.65% growth within a five-year period.

With the median home price in ESPERANCE sitting at $450,000, 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 high, as opposed to average gains per annum over the past five years.

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

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$610,000	$450,000
Growth Report
Median Quarterly	13.81%	25%
Median 12 month	38.64%	31.39%
Median 3 years	56.41%	7.14%
Median 5 years	84.85%	95.65%
10 years average annual	7.73%	22.93%
Weekly media advert. rent	$500	N/A
Time on Market	90.5 days	N/A
Gross Rental Yield Percent	4.26%	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.

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