Madeley is in the bottom 20% in WA when comparing median price capital growth over the last year. Madeley gave property investors a dismal capital gain figure when compared to the rest of the state, with -10.67%.
Madeley,6065 was ranked 1803 in Australia by increase in median property value over the quarter.
At number 266th of WA’s most discounted properties, Madeley is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Madeley have been waiting around 98.37 days to sell a property.
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%.