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 $200,000.
SOUTH HEDLAND now ranks at the 123rd place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $375 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 84.2 days.
In 2016, 231 properties were sold in SOUTH HEDLAND during the past year, making it the 243rd most active market in WA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-18.37%||-21.05%|
|Median 3 years||N/A||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||-3.68%||8.14%|
|Weekly media advert. rent||$375||$260|
|Time on Market||84.2 days||84.8 days|
|Gross Rental Yield Percent||9.75%||18.03%|