At number 3837th in the list of Australian suburbs ordered by increase in median house value over the last year, Kelmscott, 6111 is in the BOTTOM 10% with a property value increase of -9.62% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kelmscott has increased when compared to the 5 year average annual rate.
The most recent median price for Kelmscott is $352500, with sellers offering an average of -6.94% off the asking price.
Kelmscott is 168th on a list of best yielding suburbs for rents in WA with a 4.43% return
WA has seen average median house prices change by -2.78% which means that Kelmscott, 6111 has not done well for property investors by showing a capital gain of -11.11% over the last year
Over the longer term, Kelmscott has seen property prices show investors a -15.31% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Kelmscott should be aiming for at least -10.71% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
The WA suburb of Kelmscott, 6111 is in the Armadale local government area.