Over the last year, property investments in Eden Hill, 6054 have given investors a capital gain of -9.96%. This compares very badly with the -5.06% for WA as a whole.
Eden Hill,6054 was ranked 3185 in Australia by increase in median property value over the quarter.
Eden Hill, 6054 is offering WA ‘s 173th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
Eden Hill is 206th on a list of best yielding suburbs for rents in WA with a 4.24% return
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.