At number 2418th in the list of Australian suburbs ordered by increase in median house value over the last year, Applecross, 6153 is in the BOTTOM 50% with a property value increase of 2.88% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Applecross comes in at number 44th in WA.
The most recent median price for Applecross is $1430000, with sellers offering an average of -10.63% off the asking price.
With the median price for a house in Applecross being $1430000 and the advertised rent reaching $672.5 the gross rental yield for property investors calculates out to be 2.45%
If you compare the increase in value of investment property in Applecross, 6153 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 10.87%.
Over the longer term, Applecross has seen property prices show investors a 12.04% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Applecross should be aiming for at least -10.97% off the asking price, which is the average vendor discount being achieved at the moment.
A $415 per week rent on the median house gives suburb investors a gross yield of circa 3.39%, without taking into account capital value appreciation, which has been averaging out at 4.86%.