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 $252,000.
Profits due to an downward trend in home prices in the suburb averaged -12.85% per annum over a 3-year period.
PEGS CREEK now ranks at the 71st place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $400 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 64.8 days.
In 2016, 38 properties were sold in PEGS CREEK during the past year, making it the 172nd most active market in WA based on total real estate transactions.
With the median home price in PEGS CREEK sitting at $270,000, and the average rent at $290, property owners could potentially earn a 5.59% increase in gross rental yield.
A survey of average capital gains or median home price increase in suburbs across the country shows that PEGS CREEK, 6714 obtained a 33.69% growth over a ten-year period. It ranks 833rd on our list of suburbs that property investors should look into.