Investment property in Innaloo has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.76%
A 9.85% growth in median value for property investors in Innaloo,6018 puts this suburb at number 37th in terms of best performing suburbs in WA
Property investors looking for a bargain in Innaloo should be aiming for at least -5.70% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Innaloo have been waiting around 73.29 days to sell a property.
Innaloo is in the bottom 20% in WA when comparing median price capital growth over the last year. Innaloo gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.34%.
Taking the average capital gain, or increase in median house value, Innaloo,6018 has racked up an average of -11.34% over the period. This ranks it number 1667th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Innaloo is giving property investors an average Vendor Discount of around -7.48%. This puts suburb at number 67th in WA when ranking the most discounted suburbs.
With the median price for a house in Innaloo being $440000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.73%
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.