Madeley is in the bottom 30% in WA when comparing median price capital growth over the last year. Madeley gave property investors a disappointing capital gain figure when compared to the rest of the state, with -7.50%.
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.
Madeley, 6065 is offering WA ‘s 325th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this WA.
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%.