Property investors who have had real estate in Wembley, 6014 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.72%
Wembley,6014 was ranked 2607 in Australia by increase in median property value over the quarter.
At number 203th of WA’s most discounted properties, Wembley is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Wembley the average time real estate has been on the market is 62.54 days.
Property value increases in Wembley have tracked just lower than the WA average of -4.87% over the last 12 months.
Over the longer term, Wembley has seen property prices show investors a -13.08% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Wembley should be aiming for at least -11.15% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 8.42 sales per month, which equates to 101 per year.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 4.62%, without taking into account capital value appreciation, which has been averaging out at 1.28%.