If you compare the increase in value of investment property in Girrawheen, 6064 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -9.17%.
If we look at median property appreciation over just the last three months, Girrawheen has given property investors a paper return of -1.64%. This puts Suburb as 268 on a list of fastest fasting appreciating suburbs in WA
Sellers are offering property buyers an average discount of -8.13% to buyers in Girrawheen at the moment, which is less than average for the rest of WA.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.45%, without taking into account capital value appreciation, which has been averaging out at 2.87%.
Over the last year, property investments in Girrawheen, 6064 have given investors a capital gain of -10.52%. This compares very badly with the -3.64% for WA as a whole.
Over the longer term, Girrawheen has seen property prices show investors a -7.47% return over the last 3 years. This is worse than over the last 12 months
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.08% offered to property buyers. Sellers in Girrawheen itself are offering an average vendor discount of -10.10% to real estate investors.
Girrawheen, 6064’s gross rental yield is 5.47%