At number 2608th in the list of Australian suburbs ordered by increase in median house value over the last year, Cottesloe, 6011 is in the BOTTOM 40% with a property value increase of 1.41% recorded in median house prices.
While Cottesloe,6011 ranked number 22th in WA for increase in median house value (annualised) increase, it is ranked 272th over the last 5 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 Cottesloe, 6011. Typically our figures indicate that -11.43% is being offered, which puts this WA suburb at 221th most discounted overall in Australia.
Residents and property investors in Cottesloe have been waiting around 114.66 days to sell a property.
A $850 per week rent on the median house gives suburb investors a gross yield of circa 2.46%, without taking into account capital value appreciation, which has been averaging out at 2.66%.
WA has seen average median house prices change by -3.64% which means that Cottesloe, 6011 has not done well for property investors by showing a capital gain of -8.07% over the last year
Comparing Cottesloe,6011 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
LACK OF BUYER INTEREST may well be the reason that Cottesloe is offering property investors an average of -8.08. This rate of discount on properties puts Suburb at number 27th in terms of most discounted suburbs in WA
Situated 10.75km from the CBD, Cottesloe is one of Cottesloe localities in the postcode 6011.