Giving property investors a a poor capital gain of -14.06% for the last year, Claremont, 6010 is the 3948th highest performer in Australia in this respect.
The five-year average increase in median property values for Claremont,6010 has given property investors a potential capital gain of -5.53% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Claremont, 6010. Typically our figures indicate that -8.72% is being offered, which puts this WA suburb at 593th most discounted overall in Australia.
At number 1210 in a list of fastest selling suburbs, Claremont is in the TOP 40% of suburbs in Australia with an average of days on market 65.64 for properties listed there.
Renters in Suburb are facing rents around $9240 per annum or $770 every week.
Claremont is an average performer in WA when comparing median price capital growth over the last year. Claremont gave property investors a good capital gain figure when compared to the rest of the state, with -1.52%.
Over the longer term, Claremont has seen property prices show investors a 3.59% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Claremont is offering property investors an average of -7.58. This rate of discount on properties puts Suburb at number 38th in terms of most discounted suburbs in WA
Property investors should expect to get $430 weekly from the median priced house in this suburb.
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.