Pegs Creek

POSTAL CODE: WA, 6714

HOUSE

UNIT

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 15.09% for the past year.

Investors saw the median home price rise to $610,000.

Profits due to an upward trend in home prices in the suburb averaged 8.59% per annum over a 3-year period.

PEGS CREEK now ranks at the 322nd 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 $1300 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 14.3 days.

In 2016, 80 properties were sold in PEGS CREEK during the past year, making it the 60th most active market in WA based on total real estate transactions.

PEGS CREEK ranks 59th in WA when it comes to estimated capital gains experienced by property investors over the past three years.

PEGS CREEK, 6714 has a capital gain of 0% for the past year, which is lower than average compared to its 92.05% growth within a five-year period.

With the median home price in PEGS CREEK sitting at $619,375, and the average rent at $1000, property owners could potentially earn a 8.4% increase in gross rental yield.

Property investors have seen a 23.88% gain in PEGS CREEK based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that PEGS CREEK, 6714 obtained a 29.93% growth over a ten-year period. It ranks 1230th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$610,000	$619,375
Growth Report
Median Quarterly	4.27%	23.88%
Median 12 month	15.09%	0%
Median 3 years	25.77%	69.84%
Median 5 years	53.46%	92.05%
10 years average annual	7.72%	29.93%
Weekly media advert. rent	$1,300	$1,000
Time on Market	14.3 days	30.7 days
Gross Rental Yield Percent	11.08%	8.4%

Demographics (Median Values)*

Total Population 16829

Weekly Household Income 2634

Household Size 2.80

Average Age 31

Monthly Loan Repayment 2500

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

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