At number 3635th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Lawley, 6050 is in the BOTTOM 20% with a property value increase of -6.44% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Mount Lawley,6050 has racked up an average of -6.44% over the period. This ranks it number 3662th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Mount Lawley is $945000, with sellers offering an average of -6.48% off the asking price.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 2.10%, investors should hope to achieve an overall return of 3.03%
Property investors who have had real estate in Mount Lawley, 6050 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.99%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mount Lawley has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mount Lawley, 6050. Typically our figures indicate that -7.89% is being offered, which puts this WA suburb at 172th most discounted overall in Australia.
Mount Lawley, 6050’s gross rental yield is 4.08%
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.