What rent, values look like under Labor: New modelling
An updated modelling of the Labor government’s proposed changes to negative gearing has found that yields are likely to go up while prices...
PEGS CREEK, 6714 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 $295,000.
Profits due to an downward trend in home prices in the suburb averaged -5.24% per annum over a 3-year period.
PEGS CREEK now ranks at the 22nd 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 PEGS CREEK are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $375 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PEGS CREEK, homes and units usually stay on listing for an average of 55.3 days.
In 2016, 51 properties were sold in PEGS CREEK during the past year, making it the 129th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $295,000 | $165,000 |
| GROWTH REPORT | ||
| Median Quarterly | 8.06% | 10% |
| Median 12 month | 18.71% | -38.89% |
| Median 3 years | -15.71% | N/A |
| Median 5 years | -51.64% | -73.68% |
| 10 years average annual | -6.13% | 10.83% |
| Weekly media advert. rent | $375 | $465 |
| Time on Market | 55.3 days | 92.6 days |
| Gross Rental Yield Percent | 6.61% | N/A |
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