Property value increases in Clarkson have tracked close to the WA average of -3.96% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Clarkson has increased when compared to the 5 year average annual rate.
The most recent median price for Clarkson is $400000, with sellers offering an average of -6.80% off the asking price.
Often selling an investment property can take time, and in Clarkson the average time real estate has been on the market is 101.34 days.
Advertised rents are around the $330 mark per week – giving a return of 4.29% based on the median price in Suburb
WA has seen average median house prices change by -4.19% which means that Clarkson, 6030 has not done well for property investors by showing a capital gain of -5.33% over the last year
While Clarkson,6030 ranked number 74th in WA for increase in median house value (annualised) increase, it is ranked 78th over the last 5 years.
Sellers are offering property buyers an average discount of -9.82% to buyers in Clarkson at the moment, which is less than average for the rest of WA.
Often selling an investment property can take time, and in Clarkson the average time real estate has been on the market is 79.23 days.
Advertised rents are around the $320 mark per week – giving a return of 4.69% based on the median price in Suburb
Clarkson is located 30 minutes north of Perth, on the other side of the popular Joondalup and five minutes form the beach at Mindarie.
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Clarkson has always been popular with buyers, managing to perform well even as neighbouring suburbs falter.
Affordable three and four-bedroom homes characterise the suburb, while apartments close to the train station are sought after for investors.
A modern shopping district and restaurant strip has enhanced the cosmopolitan feel of the area, which is mostly populated by tradespeople, retailers and professionals that commute to Perth.
CBD access is made possible by main roads and the northern train line, which currently ends in Clarkson, but is scheduled to be extended in the near future.Full summary
Selling points: Clarkson is the sleeping giant of the northern suburbs, just only 30 minutes from the Perth CBD. Properties are young and have fantastic depreciation value. Infrastructure is coming along and Clarkson has its own station on the northern train line that provides easy access to the Joondalup Shopping District and Perth CBD. It is a five-minute drive to the local beaches and Mindarie Marina. Even in challenging times Clarkson has always experienced higher numbers of sales than neighbouring suburbs.
Most sought after properties: Three and four-bedroom homes up to $350,000 have good rental returns. Four-bedroom homes in the Somerly area priced between $400,000 and $500,000 also sell well. Apartments near the train station up to $320,000 in price are very attractive to investors.
Most common properties: Has a good cross section of homes but characterised mainly by four-bedroom, two-bathroom houses.
Top amenities: The Ocean Keys Commercial Shopping District, local tavern and restaurants have created a cosmopolitan lifestyle for residents of Clarkson. The suburb has several schools and is close to the beach.
Local industry and business: Most residents commute to the city or are self-employed tradespeople. However, many work in the Ocean Keys Shopping Centre precinct also.
Recent changes: The launch of the Somerly Estate around the 2004-05 period created an area that residents aspired to live in.
Best streets: The Somerly Estate, Observatory Drive and surrounding streets are elevated, which attract higher sales prices. These areas generally only get local traffic too.
Public transport: The northern train line ends in Clarkson, which is also serviced by buses going through the suburb to the station. Traffic congestion should ease in the coming years thanks to a planned extension.
Main arteries: The much anticipated extension of the Mitchell Freeway into Clarkson should add to the value of investments in the area.