Giving property investors a a poor capital gain of -4.50% for the last year, Carlisle, 6101 is the 3435th highest performer in Australia in this respect.
Across a shorter period, Carlisle, 6101 has seen a median price increase of 0.00% over the last quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.26% offered to property buyers. Sellers in Carlisle itself are offering an average vendor discount of -7.48% to real estate investors.
Carlisle, 6101’s gross rental yield is 3.88%
Carlisle is in the bottom 40% in WA when comparing median price capital growth over the last year. Carlisle gave property investors a disappointing capital gain figure when compared to the rest of the state, with -7.71%.
Carlisle,6101 was ranked 1271 in Australia by increase in median property value over the quarter.
With the median price for a house in Carlisle being $443000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.34%
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.