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 -7.37%
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.
Carlisle, 6101 is offering WA ‘s 173th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 2.92%, investors should hope to achieve an overall return of 3.86%
At number 1640th 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 -14.61% recorded in median house prices.
While Carlisle,6101 ranked number 59th in WA for increase in median house value (annualised) increase, it is ranked 48th over the last 5 years.
Carlisle, 6101 is offering WA ‘s 8th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this WA.
At number 1213 in a list of fastest selling suburbs, Carlisle is in the bottom 20% of suburbs in Australia with an average of days on market 105.7 for properties listed there.
A $365 per week rent on the median house gives suburb investors a gross yield of circa 4.36%, without taking into account capital value appreciation, which has been averaging out at -0.08%.
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.