If you compare the increase in value of investment property in Gwelup, 6018 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was 3.60%.
Gwelup,6018 has offered an average of 3.60% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Gwelup 6018 should be seeing an average reduction in asking price of around -7.13% . This means that Gwelup is holding prices well when compared to other suburbs in WA.
The WA suburb of Gwelup, 6018 is in the Stirling local government area.
Named for its resident swamp, Gwelup is one of the metro suburbs suggesting that Perth is on its way back to positive growth.Full summary
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Median house price: $835,000
Vacancy rate: 1.14%
Three-year growth: 0.00%
Named for its resident swamp, Gwelup is one of the metro suburbs suggesting that Perth is on its way back to positive growth.
The average vacancy rate here has dropped from 1.29% to a very tight 1.14%, indicating demand. While house prices have continued to fall by 2.4% over the past 12 months, there was no further decrease during the February 2017 quarter.
Gwelup is situated along the Mitchell Freeway, and is 15 minutes away from Perth. Bus routes run from the suburb to the Perth CBD via the Stirling railway station. Residents can opt to shop at either the Gwelup Plaza neighbourhood shopping centre or at Karrinyup Shopping Centre. There is a lot of open space to foster community activity, and Lake Gwelup Reserve is home to native fauna, tennis courts and cycling trails. Gwelup houses a primary school as well.Close