Investment property in Stoneville has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.37%
While Stoneville,6081 ranked number 54th in WA for increase in median house value (annualised) increase, it is ranked 16th over the last 5 years.
Our latest figures would indicate that property sellers in Stoneville are currently offering property investors an average price cut of -5.46% below the asking price at the moment.
Named for the Chief Justice of Western Australia in 1905, the suburb of Stoneville is located just west of Mundaring. It has had a bumpy road in terms of recent growth.Full summary
Information supplied by:
Perth suburb seesaws
Median house price: $546,000
Three-year growth: -8.85%
Rental yield: 4.00%
Named for the Chief Justice of Western Australia in 1905, the suburb of Stoneville is located just west of Mundaring. It has had a bumpy road in terms of recent growth.
Stoneville showed positive growth in the past year and five years ago, but declined three years previously as well as in the January 2017 quarter. The median house price is just under $550,000, with investors able to gain 4% yield in rents. Despite Perth’s current decline, Stoneville continues to attract occupants, as the average vacancy rate fell from an already-low 0.48% to just 0.24%.
The suburb sits less than an hour east from Perth, and bus services are provided to Midland train station. There is a grocery store and a shopping centre. Nearby Mundaring is home to a primary school.Close