Over the last year, property investments in West Leederville, 6007 have given investors a capital gain of -4.87%. This compares averagely with the -4.98% for WA as a whole.
West Leederville,6007 has offered an average of -4.87% return per annum in house price rises to property investors over the last three years.
The most recent median price for West Leederville is $1075000, with sellers offering an average of -6.40% off the asking price.
Property investors should expect to get $630 weekly from the median priced house in this suburb.
WA has seen average median house prices change by -3.23% which means that West Leederville, 6007 has not done well for property investors by showing a capital gain of -3.87% over the last year
Comparing West Leederville,6007 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.20% offered to property buyers. Sellers in West Leederville itself are offering an average vendor discount of -10.12% to real estate investors.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 7.28%, investors should hope to achieve an overall return of 3.83%
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).