The top 50 regions of growing and declining dwelling value
New data has revealed the top 50 regions across the country that experienced the highest increase in dwelling values over the last year, as ...
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 $260,000.
Profits due to an downward trend in home prices in the suburb averaged -10.82% per annum over a 3-year period.
PEGS CREEK now ranks at the 59th place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $425 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 61.3 days.
In 2016, 43 properties were sold in PEGS CREEK during the past year, making it the 152nd most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $260,000 | $241,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.17% | -8.88% |
| Median 12 month | 9.7% | N/A |
| Median 3 years | -32.47% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -8.12% | N/A |
| Weekly media advert. rent | $425 | $300 |
| Time on Market | 61.3 days | 83.6 days |
| Gross Rental Yield Percent | 8.5% | 6.47% |
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