Property investors who have had real estate in Thornlie, 6108 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 -5.56%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Thornlie has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Thornlie are currently offering property investors an average price cut of -7.97% below the asking price at the moment.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
WA has seen average median house prices change by -2.78% which means that Thornlie, 6108 has not done well for property investors by showing a capital gain of -25.15% over the last year
Over the longer term, Thornlie has seen property prices show investors a -16.97% return over the last 3 years. This is worse than over the last 12 months
In the last year 12 properties changed hands in Thornlie, which puts it as the 112th most active market in WA when comparing the number of sales per suburb.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of -0.04%, investors should hope to achieve an overall return of 6.03%