If you compare the increase in value of investment property in Warwick, 6024 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -0.88%.
Taking the average capital gain, or increase in median house value, Warwick,6024 has racked up an average of -0.88% over the period. This ranks it number 3451th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -6.49% to buyers in Warwick at the moment, which is less than average for the rest of WA.
At number 632 in a list of fastest selling suburbs, Warwick is in the TOP 20% of suburbs in Australia with an average of days on market 52.02 for properties listed there.
Renters in Suburb are facing rents around $4920 per annum or $410 every week.
Located apporox 12 kms north of Perth CBD and 5 kms from the Ocean, with excellent access to the City by rail and Freeway. First developed in 1972, and now in a transition phase with many properties undergoing extensive renovation and some older, smaller properties being demolished to make way for new housing. There is a proposal to re zone parts of the suburb to allow for more dense residential housing.Full summary
Information supplied by:
Roy Weston Real Estate
(08) 9477 4444
0431 000 501
Located apporox 12 kms north of Perth CBD and 5 kms from the Ocean, with excellent access to the City by rail and Freeway. First developed in 1972, and now in a transition phase with many properties undergoing extensive renovation and some older, smaller properties being demolished to make way for new housing. There is a proposal to re zone parts of the suburb to allow for more dense residential housing.
Most sought-after properties: Our median price is still only around $500,000. Therefore suited to first home buyers and investors. Newer properties of 25 years and younger cater more for bigger families.
Most common properties: 3 bedroom double brick and tile buildings. 30-40 years old.
Top amenities: Numerous large Shopping Centres, High Schools, Primary schools, abundant open parklands, sporting facilities, good medical services, excellent public transport.
Local industry and business: Balcatta Industrial and Commercial area within 3 kms, Malaga Industrial 5 kms to the east, Joondalup City 10 kms to the north, Perth CBD 14 Kms to the south.
Recent changes: Possible re zoning of some areas to allow for greater density housing. Land values have increased to allow for re development and renovation of older housing.
Public transport: North/south freeway and rail to Perth City and Joondalup City. East/West to Midland City and popular local beaches.
Main arteries: North/south, = Mitchell Freeway and Wanneroo Road. Eats/west = Hepburn Avenue nd Reid Highway. Access to Perth Airpot via Reid Highway = approx 35 minutes.