Property investors who have had real estate in Eden Hill, 6054 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 -7.69%
Eden Hill,6054 was ranked 3559 in Australia by increase in median property value over the quarter.
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 Eden Hill, 6054. Typically our figures indicate that -8.33% is being offered, which puts this WA suburb at 717th most discounted overall in Australia.
Residents and property investors in Eden Hill have been waiting around 58.75 days to sell a property.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
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.