At number 1105th in the list of Australian suburbs ordered by increase in median house value over the last year, Stoneville, 6081 is in the top 30% with a property value increase of 10.89% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Stoneville has increased when compared to the 5 year average annual rate.
Property buyers and investors in Stoneville 6081 should be seeing an average reduction in asking price of around -6.34% . This means that Stoneville is holding prices well when compared to other suburbs in WA.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.90%, without taking into account capital value appreciation, which has been averaging out at 2.05%.
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
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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