Investment property in Glendalough has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.67%
If we look at median property appreciation over just the last three months, Glendalough has given property investors a paper return of 4.07%. This puts Suburb as 12 on a list of fastest fasting appreciating suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Glendalough is offering property investors an average of -8.08. This rate of discount on properties puts Suburb at number 66th in terms of most discounted suburbs in WA
On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 2.75%, investors should hope to achieve an overall return of 4.88%