If you compare the increase in value of investment property in Innaloo, 6018 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -4.58%.
Taking the average capital gain, or increase in median house value, Innaloo,6018 has racked up an average of -4.58% over the period. This ranks it number 3341th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Innaloo are currently offering property investors an average price cut of -6.12% below the asking price at the moment.
Often selling an investment property can take time, and in Innaloo the average time real estate has been on the market is 76.38 days.
Advertised rents are around the $475 mark per week – giving a return of 4.24% based on the median price in Suburb
WA has seen average median house prices change by -3.39% which means that Innaloo, 6018 has not done well for property investors by showing a capital gain of -4.00% over the last year
While Innaloo,6018 ranked number 32th in WA for increase in median house value (annualised) increase, it is ranked 54th over the last 5 years.
Our latest figures would indicate that property sellers in Innaloo are currently offering property investors an average price cut of -6.67% below the asking price at the moment.
Often selling an investment property can take time, and in Innaloo the average time real estate has been on the market is 68.62 days.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 3.53%, investors should hope to achieve an overall return of 4.77%
Located to Perth's north-west, one suburb in from City Beach, Innaloo combines city living with coastal beauty and an easygoing lifestyle.
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Just 10 minutes to Perth by car, Innaloo features a number of recreational parks, excellent public transport and close proximity to Osborne Hospital, a major employer in the area.
The suburb also boasts high quality public and private schools, is close to a train station and bus depot and features a major shopping complex.
The suburb is becoming increasingly sought after by investors and a number of developments have been occuring recently as the area grows.Full summary
Selling points: Innaloo is a very sought after area, located close to a train station and bus depot, a major shopping centre, great schools and the freeway.
Most sought after properties: Typically anything over two bedrooms, lock up garage, air conditioning and outdoor area
Most common properties: A mix of old & new
Top amenities: High quality public and private schools, a great shopping centre, plenty of public space and proximity to the beach
Local industry and business: Most residents are commuters to the CBD
Recent changes: Residential development is increasing in the area as demand grows and the suburb is a very busy one
Best streets: Anywhere in this suburb is in demand
Public transport: One of the best in the state
Main arteries: Get to the beach in five minutes; walk to the train station and bus depot; walk or take a very quick drive to a major shopping centre; 10 minutes’ drive to Perth city.