Property investors who have had real estate in Mount Richon, 6112 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 -2.95%
Mount Richon,6112 was ranked 3327 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -8.05% to buyers in Mount Richon at the moment, which is less than average for the rest of WA.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.26%, without taking into account capital value appreciation, which has been averaging out at 0.40%.