Eden Hill, 6054 ranked 331th in WA when comparing growth in median property values or capital gain over the last 12 months. Eden Hill is one of 1662 in our list for WA
Eden Hill,6054 was ranked 2762 in Australia by increase in median property value over the quarter.
Vendor discounting in Eden Hill is giving property investors an average Vendor Discount of around -7.17%. This puts suburb at number 244th in WA when ranking the most discounted suburbs.
On average over the past year, suburb has had 4.17 sales per month, which equates to 50 per year.
Property investors should expect to get $340 weekly from the median priced house in this suburb.
Located 11km from the Perth CBD, Eden Hill is an underrated suburb with good potential.Full summary
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Located 11km from the Perth CBD, Eden Hill is an underrated suburb with good potential.
The suburb is a magnet for professionals and families thanks to its desirable amenities and proximity to the Perth CBD.
There are four parks in the 3sqm suburb, which has about 3,509 residents.
Eden Hill is well established and enjoys wide, leafy and quiet streets.
It’s currently undergoing gentrification as more young families are attracted to the affordable homes on large blocks of land. It has largely defied the overall slowdown in the Perth market.
Prices have been growing strongly since 2012 when median house values surged by a total of $68,500, or 15.73%.
There are a wide range of properties in the suburb and a good mix of old cottages, 1950s brick-and-tile houses and newer builds.
The suburb is also in high demand among renters, and so the vacancy rate is quite low at 1.04%.
Unlike some areas of Perth, Eden Hill is experiencing very low levels of housing supply.
During the past 12 months, properties listed for sale plunged by 58.7%, according to RealEstateInvestar.com.au.
The cheapest streets for buying a home are around Padbury Way, Wendlebury Way, Lord Street and May Road, according to OnTheHouse.com.au.