Giving property investors a an unimpressive capital gain of -0.60% for the last year, Nedlands, 6009 is the 2937th highest performer in Australia in this respect.
While Nedlands,6009 ranked number 175th in WA for increase in median house value (annualised) increase, it is ranked 318th over the last 5 years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Nedlands itself are offering an average vendor discount of -8.39% to real estate investors.
In the last year 145 properties changed hands in Nedlands, which puts it as the 53th most active market in WA when comparing the number of sales per suburb.
With the median price for a house in Nedlands being $1496000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 2.26%
Property value increases in Nedlands have tracked just higher than the WA average of -3.23% over the last 12 months.
Nedlands,6009 has offered an average of 4.78% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Nedlands should be aiming for at least -9.30% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Nedlands the average time real estate has been on the market is 84.33 days.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.45%, without taking into account capital value appreciation, which has been averaging out at -3.30%.