At number 2770th in the list of Australian suburbs ordered by increase in median house value over the last year, Gwelup, 6018 is in the BOTTOM 40% with a property value increase of 1.80% recorded in median house prices.
While Gwelup,6018 ranked number 81th in WA for increase in median house value (annualised) increase, it is ranked 88th over the last 5 years.
Property buyers and investors in Gwelup 6018 should be seeing an average reduction in asking price of around -7.17% . This means that Gwelup is holding prices well when compared to other suburbs in WA.
Advertised rents are around the $595 mark per week – giving a return of 3.64% based on the median price in Suburb
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