Property investors who have had real estate in Doubleview, 6018 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.40%
While Doubleview,6018 ranked number 117th in WA for increase in median house value (annualised) increase, it is ranked 194th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Doubleview is offering property investors an average of -8.22. This rate of discount on properties puts Suburb at number 211th in terms of most discounted suburbs in WA
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 3.72%, investors should hope to achieve an overall return of 3.55%
Over the last year, property investments in Doubleview, 6018 have given investors a capital gain of -6.67%. This compares badly with the -4.80% for WA as a whole.
Over the longer term, Doubleview has seen property prices show investors a -5.50% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Doubleview should be aiming for at least -8.52% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 25 properties changed hands in Doubleview, which puts it as the 64th most active market in WA when comparing the number of sales per suburb.
With the median price for a house in Doubleview being $490000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.24%