Pegs Creek

PEGS CREEK, 6714 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling PEGS CREEK, 6714 values up and netting property investors a capital gain of 8.42% for the past year.

Investors saw the median home price rise to $412,000.

Profits due to an upward trend in home prices in the suburb averaged 21.93% per annum over a 3-year period.

PEGS CREEK now ranks at the 435th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $567.5 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 45.5 days.

In 2016, 25 properties were sold in PEGS CREEK during the past year, making it the 255th most active market in WA based on total real estate transactions.