Cable Beach

POSTAL CODE: WA, 6726

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 16.51% capital gain.

Property investors in CABLE BEACH enjoyed capital gains of 6.77% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $718,000.

Profits due to an upward trend in home prices there averaged 5.5% per annum over a 3-year period.

Home owners selling their properties and realtors in CABLE BEACH usually have to wait an average of 53.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $1100 mark, reflecting a 7.97% increase in returns based on the current median price in CABLE BEACH.

CABLE BEACH, 6726 places 472nd in Australia based on median property value growth during the quarter.

Property investors in CABLE BEACH enjoyed capital gains of 2.86% over the last 12 months translating to lower returns compared with its peers in the territory.

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

CABLE BEACH posted a 18.03% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

Real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $800 mark, reflecting a 11.56% increase in returns based on the current median price in CABLE BEACH.

CABLE BEACH, 6726 ranks 140th in WA in terms of median property value increase and capital gains, based on year-to-date figures.

CABLE BEACH ranks 2nd on the list of best yielding suburbs for rental properties in WA, posting a 11.56% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$718,000	$360,000
Growth Report
Median Quarterly	-2.57%	2.86%
Median 12 month	6.77%	2.86%
Median 3 years	16.51%	18.03%
Median 5 years	28.79%	148.28%
10 years average annual	3.02%	9.28%
Weekly media advert. rent	$1,100	$800
Time on Market	53.1 days	83.6 days
Gross Rental Yield Percent	7.97%	11.56%

Demographics (Median Values)*

Total Population 5436

Weekly Household Income 1944

Household Size 2.60

Average Age 34

Monthly Loan Repayment 2500

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

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