Giving property investors a a poor capital gain of -9.58% for the last year, Eden Hill, 6054 is the 3781th highest performer in Australia in this respect.
While Eden Hill,6054 ranked number 160th in WA for increase in median house value (annualised) increase, it is ranked 240th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Eden Hill is offering property investors an average of -8.22. This rate of discount on properties puts Suburb at number 162th in terms of most discounted suburbs in WA
Eden Hill, 6054’s gross rental yield is 4.24%
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.