If you compare the increase in value of investment property in Applecross, 6153 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -11.88%.
Applecross,6153 was ranked 4014 in Australia by increase in median property value over the quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Applecross itself are offering an average vendor discount of -10.70% to real estate investors.
With the median price for a house in Applecross being $1280000 and the advertised rent reaching $612.5 the gross rental yield for property investors calculates out to be 2.49%
Property value increases in Applecross have tracked just higher than the WA average of -3.23% over the last 12 months.
Comparing Applecross,6153 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Applecross should be aiming for at least -10.90% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 55 properties changed hands in Applecross, which puts it as the 25th most active market in WA when comparing the number of sales per suburb.
Situated 6.95km from the CBD, Applecross is one of Melville localities in the postcode 6153.