If you compare the increase in value of investment property in Mount Lawley, 6050 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -6.34%.
When looking at the potential capital gains offered to property investors over the last 3 years, Mount Lawley comes in at number 335th in WA.
Our latest figures would indicate that property sellers in Mount Lawley are currently offering property investors an average price cut of -6.93% below the asking price at the moment.
At number 1590 in a list of fastest selling suburbs, Mount Lawley is just in the top half of suburbs in Australia with an average of days on market 74.81 for properties listed there.
Giving property investors a a poor capital gain of -4.88% for the last year, Mount Lawley, 6050 is the 1404th highest performer in Australia in this respect.
Over the longer term, Mount Lawley has seen property prices show investors a -3.76% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Mount Lawley is offering property investors an average of -8.20. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in WA
Often selling an investment property can take time, and in Mount Lawley the average time real estate has been on the market is 82.67 days.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 2.44%, investors should hope to achieve an overall return of 4.07%
Mount Lawley seems to be bucking the trend of Perth’s overall real estate marketFull summary
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Mount Lawley seems to be bucking the trend of Perth’s overall real estate market.Close
The inner-city suburb, which abuts the Swan River, has seen a dramatic drop in the amount of stock on market, which is currently down 24.7%.
Mount Lawley’s location is likely to be major factor in its growing popularity.
It is just 3km from the Perth CBD and surrounded by a number of Perth’s major amenities.
The suburb is home to the Edith Cowan University and Mount Lawley Senior High School. Mount Lawley Golf Course is on its northern perimeter, while nib Stadium is to the south.
The Mount Lawley railway station offers public transport links to the rest of Perth.
The suburb seems to be relatively popular with tenants, with its vacancy rate a respectable 3.4%, according to Real Estate Investar.