WA has seen average median house prices change by -4.46% which means that West Leederville, 6007 has not done well for property investors by showing a capital gain of -2.40% over the last year
Over the longer term, West Leederville has seen property prices show investors a 8.91% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in West Leederville 6007 should be seeing an average reduction in asking price of around -5.68% . This means that West Leederville is holding prices well when compared to other suburbs in WA.
Residents and property investors in West Leederville have been waiting around 49.8 days to sell a property.
Renters in Suburb are facing rents around $7770 per annum or $647.5 every week.
Over the last year, property investments in West Leederville, 6007 have given investors a capital gain of 13.83%. This compares very favourably with the -4.11% for WA as a whole.
West Leederville,6007 has offered an average of 13.83% return per annum in house price rises to property investors over the last three years.
West Leederville, 6007 is offering WA ‘s 40th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% 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 82.03 days.
Advertised rents are around the $320 mark per week – giving a return of 3.11% based on the median price in 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).