Property value increases in Caversham have tracked lower than the WA average of -5.25% over the last 12 months.
A 18.15% growth in median value for property investors in Caversham,6055 puts this suburb at number 307th in terms of best performing suburbs in WA
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.22% offered to property buyers. Sellers in Caversham itself are offering an average vendor discount of -7.18% to real estate investors.
At number 1848 in a list of fastest selling suburbs, Caversham is just in the top half of suburbs in Australia with an average of days on market 79.57 for properties listed there.
Using the current median advertised rental of $405 and the average annual increase in value of a median property of 4.28%, investors should hope to achieve an overall return of 4.65%