If you compare the increase in value of investment property in Claremont, 6010 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was 0.00%.
Taking the average capital gain, or increase in median house value, Claremont,6010 has racked up an average of 0.00% over the period. This ranks it number 3625th in the whole country for real estate investors looking at median house price increases.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.26% offered to property buyers. Sellers in Claremont itself are offering an average vendor discount of -8.62% to real estate investors.
In the last year 106 properties changed hands in Claremont, which puts it as the 102th most active market in WA when comparing the number of sales per suburb.
Situated 7.69km from the CBD, Claremont is one of Claremont localities in the postcode 6010.
Investment property in Claremont has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.12%
A 5.82% growth in median value for property investors in Claremont,6010 puts this suburb at number 47th in terms of best performing suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Claremont is offering property investors an average of -8.10. This rate of discount on properties puts Suburb at number 73th in terms of most discounted suburbs in WA
Often selling an investment property can take time, and in Claremont the average time real estate has been on the market is 90.33 days.
Using the current median advertised rental of $415 and the average annual increase in value of a median property of 2.23%, investors should hope to achieve an overall return of 3.34%
Claremont is a blue chip suburb which is appealing to any investor as it offers both security and a sustained high return on investment. Its prime location being near the river, easy access to the city and surrounded by some of Perth’s prestigious schools are some of the main selling points. Claremont properties achieve strong long-term capital growth, the lower-priced properties continue to yield high rental returns.Full summary
Information supplied by:
Caporn Young Claremont
08 9385 5559
0412 385 056
Selling points: Claremont is a blue chip suburb which is appealing to any investor as it offers both security and a sustained high return on investment. Its prime location being near the river, easy access to the city and surrounded by some of Perth’s prestigious schools are some of the main selling points. Claremont properties achieve strong long-term capital growth and the lower-priced properties continue to yield high rental returns.
Most sought after properties: At the moment, there is high demand for tired properties with larger land holding, knock-over projects with development potential and certain streets are in demand (primarily ones that are closest to the schools and the river). Any well priced apartments sub $600k are moving quickly as well.
Most common properties: A mixture of houses, townhouses and apartments. Amongst the houses, there is a mixture of character homes as well as contemporary homes. The apartment complexes range from small 1 bedders to luxury penthouses around the Claremont Quarter.
Top amenities: Prestigious private schools such as Methodist Ladies' College, Christ Church Grammar School, Presbyterian Ladies' College and Scotch College, close proximity to the Swan River, Claremont Quarter and Bay View Terrace shopping strip, Claremont Showgrounds (host of the Perth Royal Show), close to train station and bus services.
Local industry and business: Retail, real estate and hospitality.
Recent changes: The new Claremont Quarter has recently been completed which is home to many high fashion stores, luxury apartment complexes are part of the Quarter’s development, Bay View Terrace strip has recently been gentrified.
Best streets: On quiet, tree lined streets near the river; people like to be in walking distance to the water’s edge, within walking distance of the local schools.
Public transport: Claremont has 2 main railway stations (Claremont & Loch St) which runs regularly, there is also the Showgrounds railway station which only runs during special events. There are various buses that run throughout the area which makes it extremely accessible.
Main arteries: Stirling Highway is the main arterial route that runs through Claremont. It links the city to Fremantle. Claremont is located in between these two major hubs making it extremely easy to get into the Perth CBD and the port city of Fremantle.