Carlisle has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -7.83% to date .
Over the longer term, Carlisle has seen property prices show investors a 3.02% return over the last 3 years. This is worse than over the last 12 months
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.04% offered to property buyers. Sellers in Carlisle itself are offering an average vendor discount of -5.38% to real estate investors.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 4.74%, investors should hope to achieve an overall return of 3.92%
If you compare the increase in value of investment property in Carlisle, 6101 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -15.98%.
While Carlisle,6101 ranked number 89th in WA for increase in median house value (annualised) increase, it is ranked 55th over the last 5 years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.52% offered to property buyers. Sellers in Carlisle itself are offering an average vendor discount of -8.35% to real estate investors.
On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.
Situated 6.16km from the CBD, Carlisle is one of Victoria Park localities in the postcode 6101.
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.