Nollamara has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -6.20% to date .
While Nollamara,6061 ranked number 244th in WA for increase in median house value (annualised) increase, it is ranked 233th over the last 5 years.
Vendor discounting in Nollamara is giving property investors an average Vendor Discount of around -5.59%. This puts suburb at number 361th in WA when ranking the most discounted suburbs.
In the last year 258 properties changed hands in Nollamara, which puts it as the 9th most active market in WA when comparing the number of sales per suburb.
With the median price for a house in Nollamara being $439000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 4.44%
With a capital gain of -7.25% for the last 12 months, Nollamara, 6061 has performed for property investments than its average annual 2.23% property growth over the last 5 years.
Over the longer term, Nollamara has seen property prices show investors a -7.61% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Nollamara should be aiming for at least -5.26% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $357.5 mark per week – giving a return of 5.19% based on the median price in Suburb