Property value increases in West Leederville have tracked just higher than the WA average of -2.82% over the last 12 months.
The five-year average increase in median property values for West Leederville,6007 has given property investors a potential capital gain of 17.79% across each of those five years.
West Leederville6007 is located in WA which offers an average discount of -8.15% to property investors. West Leederville itself is showing figures that indicate -5.06% is the average achievable by property buyers investing in the suburb.
West Leederville is 360th on a list of best yielding suburbs for rents in WA with a 2.81% return
At number 211th in the list of Australian suburbs ordered by increase in median house value over the last year, West Leederville, 6007 is in the top 20% with a property value increase of 18.33% recorded in median house prices.
West Leederville,6007 has offered an average of 18.33% return per annum in house price rises to property investors over the last three years.
The most recent median price for West Leederville is $532500, with sellers offering an average of -7.57% off the asking price.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
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).