With a capital gain of -11.92% for the last 12 months, Madeley, 6065 has performed for property investments than its average annual 7.14% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Madeley has increased when compared to the 5 year average annual rate.
Vendor discounting in Madeley is giving property investors an average Vendor Discount of around -7.38%. This puts suburb at number 216th in WA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Madeley the average time real estate has been on the market is 91.93 days.
Property investors should expect to get $452.5 weekly from the median priced house in this suburb.
Around 20km to the north of Perth’s CBD, Madeley has proved to be one of the stronger performers in the Western Australia capital over recent years.Full summary
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Around 20km to the north of Perth’s CBD, Madeley has proved to be one of the stronger performers in the Western Australia capital over recent years.Close
The median house price in Madeley currently sits at $660,000, after a solid five-year period that has seen it increase by 22%.
As a result, houses in the suburb have proved to be a relatively hot commodity, with 97 selling in the past 12 months.
They are staying on the market for an average of 83 days however, which means vendors are willing to offer discounts of 5% to help see sales through.
The median weekly rent in Madeley of $480 means landlords are currently seeing rental yields of 4%.
Landlords are unlikely to have too much trouble finding a tenant, with Real Estate Investar putting the suburb’s current vacancy rate at 1.54%.