Port Hedland

POSTAL CODE: WA, 6721

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 11.5% capital gain.

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 $780,487.

Profits due to an upward trend in home prices there averaged 3.83% per annum over a 3-year period.

Home owners selling their properties and realtors in PORT HEDLAND usually have to wait an average of 56.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $1500 mark, reflecting a 9.99% increase in returns based on the current median price in PORT HEDLAND.

PORT HEDLAND, 6721 places 464th in Australia based on median property value growth during the quarter.

Figures from the previous quarter show that capital gains for real estate buyers in PORT HEDLAND are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $875 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $875 mark, reflecting a 10.61% increase in returns based on the current median price in PORT HEDLAND.

PORT HEDLAND, 6721 ranks 145th in WA in terms of median property value increase and capital gains, based on year-to-date figures.

PORT HEDLAND ranks 4th on the list of best yielding suburbs for rental properties in WA, posting a 10.61% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$780,487	$429,000
Growth Report
Median Quarterly	-2.19%	-3.29%
Median 12 month	-0.57%	-2.63%
Median 3 years	11.5%	-10%
Median 5 years	33.99%	26.82%
10 years average annual	5.42%	11.13%
Weekly media advert. rent	$1,500	$875
Time on Market	56.8 days	30.1 days
Gross Rental Yield Percent	9.99%	10.61%

Demographics (Median Values)*

Total Population 4512

Weekly Household Income 3104

Household Size 2.50

Average Age 33

Monthly Loan Repayment 3033

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

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