Giving property investors a a poor capital gain of -4.96% for the last year, West Leederville, 6007 is the 3443th highest performer in Australia in this respect.
Over the longer term, West Leederville has seen property prices show investors a 11.65% return over the last 3 years. This is worse than over the last 12 months
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.22% offered to property buyers. Sellers in West Leederville itself are offering an average vendor discount of -6.15% to real estate investors.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
With a capital gain of -24.27% for the last 12 months, West Leederville, 6007 has performed for property investments than its average annual 9.73% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, West Leederville,6007 has racked up an average of -24.27% over the period. This ranks it number 1672th in the whole country for real estate investors looking at median house price increases.
The most recent median price for West Leederville is $390000, with sellers offering an average of -7.82% off the asking price.
West Leederville, 6007’s gross rental yield is 4.53%
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).