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 $375,000.
Home owners selling their properties and realtors in PORT HEDLAND usually have to wait an average of 133.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $630 mark, reflecting a 8.74% increase in returns based on the current median price in PORT HEDLAND.
PORT HEDLAND, 6721 places 32nd in Australia based on median property value growth during the quarter.
Property investors in PORT HEDLAND enjoyed capital gains of 17.47% over the last 12 months translating to lower returns compared with its peers in the territory.
Real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $350 mark, reflecting a 9.33% increase in returns based on the current median price in PORT HEDLAND.
PORT HEDLAND, 6721 ranks 5th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
PORT HEDLAND ranks 3rd on the list of best yielding suburbs for rental properties in WA, posting a 9.33% return.
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