South Hedland

POSTAL CODE: WA, 6722

HOUSE

UNIT

SOUTH HEDLAND, 6722 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling SOUTH HEDLAND, 6722 values up and netting property investors a capital gain of 4.37% for the past year.

Investors saw the median home price rise to $490,525.

Profits due to an upward trend in home prices in the suburb averaged 7.85% per annum over a 3-year period.

SOUTH HEDLAND now ranks at the 438th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $950 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 69.5 days.

In 2016, 232 properties were sold in SOUTH HEDLAND during the past year, making it the 308th most active market in WA based on total real estate transactions.

SOUTH HEDLAND ranks 140th in WA when it comes to estimated capital gains experienced by property investors over the past three years.

SOUTH HEDLAND, 6722 has a capital gain of -0.94% for the past year, which is lower than average compared to its 149.17% growth within a five-year period.

With the median home price in SOUTH HEDLAND sitting at $299,000, and the average rent at $700, property owners could potentially earn a 12.17% 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 15.89% growth over a ten-year period. It ranks 1481st on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$490,525	$299,000
Growth Report
Median Quarterly	0.21%	0%
Median 12 month	4.37%	-0.94%
Median 3 years	23.56%	24.58%
Median 5 years	92.36%	149.17%
10 years average annual	2.47%	15.89%
Weekly media advert. rent	$950	$700
Time on Market	69.5 days	63.9 days
Gross Rental Yield Percent	10.07%	12.17%

Demographics (Median Values)*

Total Population 9848

Weekly Household Income 2422

Household Size 2.80

Average Age 30

Monthly Loan Repayment 2600

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

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