West Leederville has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.87% to date .
Taking the average capital gain, or increase in median house value, West Leederville,6007 has racked up an average of -4.87% over the period. This ranks it number 3028th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Leederville, 6007. Typically our figures indicate that -5.07% is being offered, which puts this WA suburb at 2459th most discounted overall in Australia.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 2.34%, investors should hope to achieve an overall return of 3.14%
West Leederville has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 16.35% to date .
The five-year average increase in median property values for West Leederville,6007 has given property investors a potential capital gain of 47.62% across each of those five years.
Property investors looking for a bargain in West Leederville should be aiming for at least -8.29% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in West Leederville being $542500 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 3.07%
West Leederville, just 3km north-west of the Perth CBD, offers an affordable investment option very close to the amenities and employment hub of the city centre. While some of the suburb is zoned commercial, the majority is medium density residentialFull summary
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West Leederville, just 3km north-west of the Perth CBD, offers an affordable investment option very close to the amenities and employment hub of the city centre. While some of the suburb is zoned commercial, the majority is medium-density residential.
West Leederville has a reasonable level of amenity, with shops, cafes and several schools located within the suburb. However, its proximity to both prime suburb Subiaco and the CBD – both accessible via a minutes-long train journey or a short walk – means residents can access an inner city lifestyle at a much more affordable cost. The presence of two major Perth hospitals in Subiaco also provides local employment potential.
Units are very affordable when compared with neighbouring suburbs such as Leederville proper and Subiaco. There’s significant scope for catch-up growth with its more expensive neighbours – especially as freestanding properties in the suburb are subdivided to create more units.
Popular streets amongst residents include Tate Street (situated near the West Leederville station), Brighton Street and Tower Street (both situated near Southport Street).