Giving property investors a a poor capital gain of -10.77% for the last year, Madeley, 6065 is the 3897th highest performer in Australia in this respect.
Madeley,6065 has offered an average of -10.77% return per annum in house price rises to property investors over the last three years.
The most recent median price for Madeley is $580000, with sellers offering an average of -7.01% off the asking price.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 2.93%, investors should hope to achieve an overall return of 4.03%
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%.