Over the last year, property investments in Churchlands, 6018 have given investors a capital gain of 0.55%. This compares favourably with the -4.17% for WA as a whole.
Taking the average capital gain, or increase in median house value, Churchlands,6018 has racked up an average of 0.55% over the period. This ranks it number 3340th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Churchlands is giving property investors an average Vendor Discount of around -4.97%. This puts suburb at number 404th in WA when ranking the most discounted suburbs.
Churchlands is 352th on a list of best yielding suburbs for rents in WA with a 3.01% return
WA has seen average median house prices change by -5.10% which means that Churchlands, 6018 has not done well for property investors by showing a capital gain of -7.48% over the last year
The five-year average increase in median property values for Churchlands,6018 has given property investors a potential capital gain of 0.67% across each of those five years.
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 Churchlands, 6018. Typically our figures indicate that -7.62% is being offered, which puts this WA suburb at 213th most discounted overall in Australia.
In the last year 22 properties changed hands in Churchlands, which puts it as the 78th most active market in WA when comparing the number of sales per suburb.
Churchlands is 78th on a list of best yielding suburbs for rents in WA with a 4.30% return
Churchlands is one of the more expensive suburbs in Perth. The median house price exceeds $1.3m following a period of consistent growth over a five-year period. Homes also sell at an average discount rate of just 4.71%.Full summary
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Premium suburb maintains a high profile
Median house price: $1,370,000
Three-year growth: 1.86%
Rental yield: 2.85%
Labelled after the purchase of the land by the Roman Catholic Church, Churchlands is one of the more expensive suburbs in Perth.
The median house price exceeds $1.3m following a period of consistent growth over a five-year period. Homes also sell at an average discount rate of just 4.71%. However, the suburb reported slight negative growth in the January 2017 quarter, with the average vacancy rate rising to 2.72% in the past 12 months. Furthermore, the low average yield may deter investors.
Nonetheless, the proximity of Churchlands to Perth remains very attractive. The suburb is populated with properties constructed post-1980s, and it is home to several schools, which could draw families. Moreover, it is bordered in the east by Herdsman Lake. Favoured recreational activities include picnicking and bird watching.
Commuters can travel into the CBD by bus.Close