Property investors who have had real estate in Wembley, 6014 should be ok with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.37%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wembley has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Wembley are currently offering property investors an average price cut of -6.57% below the asking price at the moment.
On average over the past year, suburb has had 9.08 sales per month, which equates to 109 per year.
Renters in Suburb are facing rents around $6930 per annum or $577.5 every week.
Wembley is in the bottom 30% in WA when comparing median price capital growth over the last year. Wembley gave property investors a disappointing capital gain figure when compared to the rest of the state, with -12.50%.
Taking the average capital gain, or increase in median house value, Wembley,6014 has racked up an average of -12.50% over the period. This ranks it number 1651th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Wembley is offering property investors an average of -9.02. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in WA
Advertised rents are around the $260 mark per week – giving a return of 4.83% based on the median price in Suburb