At number 1960th in the list of Australian suburbs ordered by increase in median house value over the last year, Wembley, 6014 is in the top half with a property value increase of 5.70% recorded in median house prices.
Wembley,6014 was ranked 334 in Australia by increase in median property value over the quarter.
The most recent median price for Wembley is $1020000, with sellers offering an average of -7.16% off the asking price.
Situated 4.63km from the CBD, Wembley is one of Cambridge localities in the postcode 6014.
Over the last year, property investments in Wembley, 6014 have given investors a capital gain of -6.15%. This compares averagely with the -5.10% for WA as a whole.
While Wembley,6014 ranked number 58th in WA for increase in median house value (annualised) increase, it is ranked 32th over the last 5 years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.43% offered to property buyers. Sellers in Wembley itself are offering an average vendor discount of -11.01% to real estate investors.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 1.89%, investors should hope to achieve an overall return of 4.60%