At number 3493th in the list of Australian suburbs ordered by increase in median house value over the last year, East Perth, 6004 is in the BOTTOM 20% with a property value increase of -4.15% recorded in median house prices.
Across a shorter period, East Perth, 6004 has seen a median price increase of 0.13% over the last quarter.
East Perth6004 is located in WA which offers an average discount of -8.22% to property investors. East Perth itself is showing figures that indicate -4.84% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
WA has seen average median house prices change by -4.86% which means that East Perth, 6004 has not done well for property investors by showing a capital gain of -7.00% over the last year
While East Perth,6004 ranked number 65th in WA for increase in median house value (annualised) increase, it is ranked 79th over the last 5 years.
Our latest figures would indicate that property sellers in East Perth are currently offering property investors an average price cut of -9.50% below the asking price at the moment.
In the last year 267 properties changed hands in East Perth, which puts it as the 1st most active market in WA when comparing the number of sales per suburb.
Advertised rents are around the $420 mark per week – giving a return of 4.70% based on the median price in Suburb
Sitting pretty by the Swan River, East Perth is a picturesque inner city suburb located just 2km from the Perth CBD.Full summary
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Sitting pretty by the Swan River, East Perth is a picturesque inner city suburb located just 2km from the Perth CBD.
A fast-growing suburb dominated by units and apartments, it is also known as a mecca for young and rich professionals who enjoy the convenience of being close to the city.
The Claisebrook Cove area is a major attraction in the suburb, thanks to its excellent recreational offering.
It’s an exclusive residential area with some houses fetching multi-million dollars.
However, the unit market remains affordable at $567,500.
While this price tag may seem hefty, East Perth’s track record of solid long-term growth means its resale potential is strong.
However, recently, there appear to be a large number of vacant properties according to Real Estate Investar, which put the suburb’s vacancy rate at a hefty 8%.
Terrace Road, Hay Street and Hill Street are among the most popular streets in the suburb and where many residents prefer to live.
Top amenities: East Perth is renowned for its many cafes and restaurants. Outdoor activities are plenty and very popular on the river. You can join aYoga or Pilates group, or a Fitness Boot Camp to stay in shape. There are plenty of schools, shops and supermarkets close by, making East Perth a great place to live for all ages including families.
Local industry and business: There is a huge diversity of business in East Perth, mostly small businesses such as florists, fashion retailers, beauty salons, coffee shops, art galleries, real estate agents and accountants. Most of Perth’s largest employers are in the heart of the city, just a few kilometres away, with most of the major mining companies, accounting and law firms, banks and retail giants based there. There is no major manufacturing industry in East Perth or immediate surrounds, which means no pollution and noise, although with freeway access so close, these industrial hubs are never far away, so employment opportunities are endless.
Public transport: Public transport here is great. Free cat bus services run daily every 20 minutes throughout Perth, taking you to your favourite East Perth locations, or to one of two train stations nearby, which can get you just about anywhere up and down the coast.
Main arteries: Peth city is pretty much at your front door. A five-minute cat bus ride or drive will take you right to the centre. Close access to freeways means the popular city beach and Cottesloe beach are only a 15-minute drive, as well as quick access to surrounding suburbs.Close