SOUTH HEDLAND, 6722 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 $199,000.
SOUTH HEDLAND now ranks at the 171st place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $350 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 SOUTH HEDLAND, homes and units usually stay on listing for an average of 74.8 days.
In 2016, 244 properties were sold in SOUTH HEDLAND during the past year, making it the 239th most active market in WA based on total real estate transactions.
With the median home price in SOUTH HEDLAND sitting at $77,500, and the average rent at $275, property owners could potentially earn a 18.45% increase in gross rental yield.
Property investors have seen a 0% gain in SOUTH HEDLAND 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 SOUTH HEDLAND, 6722 obtained a 7.16% growth over a ten-year period. It ranks 327th on our list of suburbs that property investors should look into.