At number 3670th in the list of Australian suburbs ordered by increase in median house value over the last year, Innaloo, 6018 is in the BOTTOM 20% with a property value increase of -7.76% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Innaloo has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Innaloo should be aiming for at least -6.45% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1641 in a list of fastest selling suburbs, Innaloo is just in the top half of suburbs in Australia with an average of days on market 74.84 for properties listed there.
Advertised rents are around the $460 mark per week – giving a return of 4.23% based on the median price in Suburb
At number 1399th in the list of Australian suburbs ordered by increase in median house value over the last year, Innaloo, 6018 is in the BOTTOM 20% with a property value increase of -5.00% recorded in median house prices.
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 -7.58. This rate of discount on properties puts Suburb at number 79th in terms of most discounted suburbs in WA
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.