Churchlands is an average performer in WA when comparing median price capital growth over the last year. Churchlands gave property investors a average capital gain figure when compared to the rest of the state, with -2.55%.
Across a shorter period, Churchlands, 6018 has seen a median price increase of -1.36% over the last quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.15% offered to property buyers. Sellers in Churchlands itself are offering an average vendor discount of -4.73% to real estate investors.
A $820 per week rent on the median house gives suburb investors a gross yield of circa 3.18%, without taking into account capital value appreciation, which has been averaging out at 5.40%.
Churchlands has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -7.69% to date .
The five-year average increase in median property values for Churchlands,6018 has given property investors a potential capital gain of -5.88% across each of those five years.
Property investors looking for a bargain in Churchlands should be aiming for at least -5.42% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Churchlands have been waiting around 66.05 days to sell a property.
Churchlands, 6018’s gross rental yield is 4.33%
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