With a capital gain of -7.89% for the last 12 months, Nedlands, 6009 has performed for property investments than its average annual 0.39% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Nedlands comes in at number 284th in WA.
Property investors looking for a bargain in Nedlands should be aiming for at least -7.60% off the asking price, which is the average vendor discount being achieved at the moment.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.41%, without taking into account capital value appreciation, which has been averaging out at 0.39%.
Over the last year, property investments in Nedlands, 6009 have given investors a capital gain of 9.55%. This compares very favourably with the -4.49% for WA as a whole.
Over the longer term, Nedlands has seen property prices show investors a -9.53% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for Nedlands is $602500, with sellers offering an average of -10.72% off the asking price.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
Property investors should expect to get $395 weekly from the median priced house in this suburb.