Investment property in Nollamara 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 -6.14%
Across a shorter period, Nollamara, 6061 has seen a median price increase of -1.65% over the last quarter.
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 Nollamara itself are offering an average vendor discount of -6.44% to real estate investors.
Nollamara, 6061’s gross rental yield is 4.52%
Nollamara has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -7.16% to date .
While Nollamara,6061 ranked number 65th in WA for increase in median house value (annualised) increase, it is ranked 69th over the last 5 years.
Vendor discounting in Nollamara is giving property investors an average Vendor Discount of around -5.48%. This puts suburb at number 85th in WA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Nollamara the average time real estate has been on the market is 93.73 days.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.12%, investors should hope to achieve an overall return of 5.20%