Property investors who have had real estate in Carlisle, 6101 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.10%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Carlisle has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Carlisle are currently offering property investors an average price cut of -5.85% below the asking price at the moment.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.92%, without taking into account capital value appreciation, which has been averaging out at 4.27%.
WA has seen average median house prices change by -4.80% which means that Carlisle, 6101 has not done well for property investors by showing a capital gain of -16.82% over the last year
The five-year average increase in median property values for Carlisle,6101 has given property investors a potential capital gain of 2.30% across each of those five years.
Renters in Suburb are facing rents around $4500 per annum or $375 every week.
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.