West Coast versus Hawthorn for property bragging rights
As the feathers fly in Saturday's AFL Grand Final between Victoria's Hawthorn Hawks and Western Australia's West Coast Eagles, property markets in the hometowns of both contenders show a near level playing field, according to LJ Hooker.
LJ Hooker’s national research manager Mathew Tiller compared house markets in the suburbs of Hawthorn and Subiaco (home of the West Coast Eagles’ Domain Stadium) and said if you’re landlord, you’d be happier in Subiaco with weekly rents some $100 more and a gross rental yield of 3.3%
“As expected, Hawthorn had the higher median sale price ($1.44m) and triple the combined value of homes sold over the year ($375m), and more than double the number of properties sold (224)," he said.
"The average time taken to sell a house in the inner-city markets is near identical at 67.6 for Subiaco and 67.7 days for Hawthorn, respectively.
“Hawthorn residents (13.8 years) were also likely to stay put longer than Subiaco locals (9.9).
“However, while Subiaco’s median house price ($1.2m) dropped 1.8% over the 12 months, it still held its own better than Hawthorn’s (-2%).
