At number 2685th in the list of Australian suburbs ordered by increase in median house value over the last year, West Leederville, 6007 is in the BOTTOM 40% with a property value increase of 0.91% recorded in median house prices.
Taking the average capital gain, or increase in median house value, West Leederville,6007 has racked up an average of 0.91% over the period. This ranks it number 2945th in the whole country for real estate investors looking at median house price increases.
West Leederville, 6007 is offering WA ‘s 367th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this WA.
Often selling an investment property can take time, and in West Leederville the average time real estate has been on the market is 51.28 days.
Advertised rents are around the $637.5 mark per week – giving a return of 2.99% based on the median price in Suburb
Giving property investors a an unimpressive capital gain of -3.33% for the last year, West Leederville, 6007 is the 1334th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, West Leederville has given property investors a paper return of -3.33%. This puts Suburb as 77 on a list of fastest fasting appreciating suburbs in WA
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.08% offered to property buyers. Sellers in West Leederville itself are offering an average vendor discount of -9.60% to real estate investors.
With the median price for a house in West Leederville being $435000 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 3.89%
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).