WA has seen average median house prices change by -4.99% which means that Carlisle, 6101 has not done well for property investors by showing a capital gain of -5.18% over the last year
Carlisle,6101 has offered an average of -5.18% return per annum in house price rises to property investors over the last three years.
The most recent median price for Carlisle is $540000, with sellers offering an average of -6.76% off the asking price.
Renters in Suburb are facing rents around $4740 per annum or $395 every week.
At number 1639th in the list of Australian suburbs ordered by increase in median house value over the last year, Carlisle, 6101 is in the BOTTOM 10% with a property value increase of -14.18% recorded in median house prices.
Over the longer term, Carlisle has seen property prices show investors a -11.44% return over the last 3 years. This is worse than over the last 12 months
A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.32%, without taking into account capital value appreciation, which has been averaging out at 2.87%.
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.