Investment property in Churchlands has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.75%
Churchlands,6018 has offered an average of -1.75% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Churchlands should be aiming for at least -4.45% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $9870 per annum or $822.5 every week.
Giving property investors a a poor capital gain of -5.74% for the last year, Churchlands, 6018 is the 1432th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Churchlands has given property investors a paper return of -3.25%. This puts Suburb as 78 on a list of fastest fasting appreciating suburbs in WA
Churchlands, 6018 is offering WA ‘s 72th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this WA.
Often selling an investment property can take time, and in Churchlands the average time real estate has been on the market is 63.25 days.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
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