WA has seen average median house prices change by -4.46% which means that Churchlands, 6018 has not done well for property investors by showing a capital gain of 2.15% over the last year
While Churchlands,6018 ranked number 234th in WA for increase in median house value (annualised) increase, it is ranked 27th over the last 5 years.
Property investors looking for a bargain in Churchlands should be aiming for at least -5.69% off the asking price, which is the average vendor discount being achieved at the moment.
At number 370 in a list of fastest selling suburbs, Churchlands is in the TOP 10% of suburbs in Australia with an average of days on market 45.33 for properties listed there.
With the median price for a house in Churchlands being $1352500 and the advertised rent reaching $790 the gross rental yield for property investors calculates out to be 3.04%
WA has seen average median house prices change by -4.11% which means that Churchlands, 6018 has not done well for property investors by showing a capital gain of -8.21% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Churchlands comes in at number 86th in WA.
LACK OF BUYER INTEREST may well be the reason that Churchlands is offering property investors an average of -8.31. This rate of discount on properties puts Suburb at number 59th in terms of most discounted suburbs in WA
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.38%, without taking into account capital value appreciation, which has been averaging out at 1.32%.