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South Hedland
AREA REPORTS

South Hedland

South Hedland - SUBURB PROFILE REPORT
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 25% for the past year.

Investors saw the median home price rise to $262,500.

Profits due to an upward trend in home prices in the suburb averaged 11.54% per annum over a 3-year period.

SOUTH HEDLAND now ranks at the 12th 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $450 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 47.3 days.

In 2016, 219 properties were sold in SOUTH HEDLAND during the past year, making it the 279th most active market in WA based on total real estate transactions.

Data report can be found below

South Hedland
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $262,500 $150,500
GROWTH REPORT
Median Quarterly 16.93% 0.33%
Median 12 month 25% 11.48%
Median 3 years 34.62% 67.22%
Median 5 years -54.74% N/A
10 years average annual -5.72% 3.23%
Weekly media advert. rent $450 $350
Time on Market 47.3 days 55.2 days
Gross Rental Yield Percent 8.91% 12.09%
demographics (median values)*
Total Population
9848
Weekly Household Income
2422
Household Size
2.80
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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