Warwick, 6024 ranked 166th in WA when comparing growth in median property values or capital gain over the last 12 months. Warwick is one of 1662 in our list for WA
If we look at median property appreciation over just the last three months, Warwick has given property investors a paper return of -0.70%. This puts Suburb as 206 on a list of fastest fasting appreciating suburbs in WA
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Warwick itself are offering an average vendor discount of -6.34% to real estate investors.
Often selling an investment property can take time, and in Warwick the average time real estate has been on the market is 55.56 days.
Advertised rents are around the $400 mark per week – giving a return of 3.68% based on the median price in Suburb
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.