At number 3216th in the list of Australian suburbs ordered by increase in median house value over the last year, Churchlands, 6018 is in the BOTTOM 30% with a property value increase of -1.39% recorded in median house prices.
Churchlands,6018 has offered an average of -1.39% 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 -4.52% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $825 mark per week – giving a return of 3.18% based on the median price in Suburb
Investment property in Churchlands has done 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 -10.27%
A -2.24% growth in median value for property investors in Churchlands,6018 puts this suburb at number 62th in terms of best performing suburbs in WA
The most recent median price for Churchlands is $371500, with sellers offering an average of -7.59% off the asking price.
With the median price for a house in Churchlands being $371500 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.20%
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