Innaloo has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -5.83% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Innaloo comes in at number 306th in WA.
The most recent median price for Innaloo is $565000, with sellers offering an average of -5.69% off the asking price.
Innaloo, 6018 ranked 72th in WA when comparing growth in median property values or capital gain over the last 12 months. Innaloo is one of 1662 in our list for WA
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Innaloo has fallen somewhat when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Innaloo is offering property investors an average of -8.20. This rate of discount on properties puts Suburb at number 78th in terms of most discounted suburbs in WA
In the last year 79 properties changed hands in Innaloo, which puts it as the 16th most active market in WA when comparing the number of sales per suburb.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
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.