Connolly has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of -2.92% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Connolly has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Connolly is offering property investors an average of -8.04. This rate of discount on properties puts Suburb at number 297th in terms of most discounted suburbs in WA
Often selling an investment property can take time, and in Connolly the average time real estate has been on the market is 109.15 days.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.91%, without taking into account capital value appreciation, which has been averaging out at 3.51%.