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Property investors in PORT HEDLAND enjoyed capital gains of 1.41% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also 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 $360,000.
Home owners selling their properties and realtors in PORT HEDLAND usually have to wait an average of 85.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $625 mark, reflecting a 9.03% increase in returns based on the current median price in PORT HEDLAND.
PORT HEDLAND, 6721 places 381st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $360,000 | $216,000 |
| GROWTH REPORT | ||
| Median Quarterly | -8.86% | 1.65% |
| Median 12 month | 1.41% | 19.67% |
| Median 3 years | N/A | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -5.75% | 2.99% |
| Weekly media advert. rent | $625 | $350 |
| Time on Market | 85.1 days | 58.5 days |
| Gross Rental Yield Percent | 9.03% | 8.43% |
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