
Subiaco
About Subiaco
Subiaco, an inner-western suburb of Perth, is renowned for its vibrant atmosphere, heritage architecture, and proximity to the central business district. These attributes have contributed to a robust property market, making it an attractive option for investors.
Property Market Overview:
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Median Property Prices: Over the past year, Subiaco has experienced significant growth in property values. The median house price is approximately $1.9 million, while units have a median price around $650,000.
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Rental Market: The rental market in Subiaco is strong. Houses rent for a median of $1,050 per week, yielding an annual rental return of about 3.3%. Units have a median rent of $650 per week, offering a rental yield of approximately 5.7%.
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Market Activity: In the past 12 months, there were 119 house sales, with properties spending an average of 10 days on the market. This indicates a high demand for housing in the area.
Demographics and Lifestyle:
Subiaco has a population of approximately 9,202 residents. The suburb offers a variety of amenities, including shopping centres like Subiaco Pavilion, Subiaco Square, and Subiaco Village. Public transportation is accessible via the Subiaco Train Station and local bus services.
Investment Insights:
Subiaco’s substantial property value growth, coupled with its desirable location and vibrant community, positions it as an attractive prospect for property investors. The strong rental yields and low average days on market further underscore its investment potential.
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