Investment property in Eden Hill has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.70%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Eden Hill has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Eden Hill are currently offering property investors an average price cut of -7.93% below the asking price at the moment.
At number 1229 in a list of fastest selling suburbs, Eden Hill is in the TOP 40% of suburbs in Australia with an average of days on market 64.24 for properties listed there.
Advertised rents are around the $335 mark per week – giving a return of 4.11% based on the median price in 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.