Property value increases in Gwelup have tracked higher than the WA average of -2.82% over the last 12 months.
Gwelup,6018 has offered an average of 2.99% return per annum in house price rises to property investors over the last three years.
Gwelup, 6018 is offering WA ‘s 284th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this WA.
With the median price for a house in Gwelup being $860000 and the advertised rent reaching $595 the gross rental yield for property investors calculates out to be 3.60%
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