Property value increases in Carlisle have tracked just higher than the WA average of -2.82% over the last 12 months.
While Carlisle,6101 ranked number 324th in WA for increase in median house value (annualised) increase, it is ranked 156th over the last 5 years.
The most recent median price for Carlisle is $520000, with sellers offering an average of -7.86% off the asking price.
With the median price for a house in Carlisle being $520000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.60%
Property buyers and investors in Carlisle 6101 should be seeing an average reduction in asking price of around -12.01% . This means that Carlisle is holding prices well when compared to other suburbs in WA.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
Located just 6km southeast of Perth, the suburb of Carlisle is becoming a hit with professionals and retirees.Full summary
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Located just 6km southeast of Perth, the suburb of Carlisle is becoming a hit with professionals and retirees.Close
According to Kim Findlay, director of Grange Realty Group, its proximity to train lines and the CBD makes it a desirable place to live.
“It’s almost an inner CBD extension,” he explains.
"There are a lot of professionals living here because Carlisle is close to the city. For the many students in the area, its proximity to universities is a factor. For retirees, the café strip lifestyle is attractive.”
Historically, Carlisle was dominated by tenants. “But it’s changing now,” says Findlay.
“A growing number of owner-occupiers are taking advantage of the affordable prices currently. There are fewer investors than before because Perth is experiencing a downturn at the moment, and rents have dropped. But I believe it’s just a phase,” he says.
The suburb enjoys a range of amenities, including a vibrant café strip and a sports stadium.
The West Coast Eagles is also relocating its sports club to Carlisle.
“Carlisle is going through a transformation at the moment,” says Findlay.
“The Victoria Park café strip is being redeveloped, and the Crown entertainment strip is being upgraded."
The best buys, according to Findlay, are threebedroom, two-bathroom houses.
“These homes are built on 1,000sq m pieces of land. Most blocks can accommodate about three properties each,” he says.