Giving property investors a a poor capital gain of -3.88% for the last year, Madeley, 6065 is the 3363th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Madeley comes in at number 170th in WA.
Sellers are offering property buyers an average discount of -7.62% to buyers in Madeley at the moment, which is less than average for the rest of WA.
Madeley, 6065’s gross rental yield is 3.94%
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%.