Investment property in East Perth has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.95%
Comparing East Perth,6004 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in East Perth is giving property investors an average Vendor Discount of around -8.22%. This puts suburb at number 164th in WA when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $7800 per annum or $650 every week.
If you compare the increase in value of investment property in East Perth, 6004 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -7.91%.
When looking at the potential capital gains offered to property investors over the last 3 years, East Perth comes in at number 101th in WA.
East Perth, 6004 is offering WA ‘s 27th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this WA.
The WA suburb of East Perth, 6004 is in the Perth local government area.
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