Investment property in Wembley 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 -11.63%
If we look at median property appreciation over just the last three months, Wembley has given property investors a paper return of -2.56%. This puts Suburb as 296 on a list of fastest fasting appreciating suburbs in WA
Our latest figures would indicate that property sellers in Wembley are currently offering property investors an average price cut of -7.70% below the asking price at the moment.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 3.62%, investors should hope to achieve an overall return of 3.28%
Over the last year, property investments in Wembley, 6014 have given investors a capital gain of -4.48%. This compares averagely with the -4.80% for WA as a whole.
Across a shorter period, Wembley, 6014 has seen a median price increase of 0.16% over the last quarter.
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 Wembley, 6014. Typically our figures indicate that -8.65% is being offered, which puts this WA suburb at 114th most discounted overall in Australia.
Residents and property investors in Wembley have been waiting around 81.37 days to sell a property.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of 4.13%, investors should hope to achieve an overall return of 4.79%