Investment property in Applecross has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.70%
Applecross,6153 has offered an average of -4.70% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Applecross is offering property investors an average of -8.17. This rate of discount on properties puts Suburb at number 66th in terms of most discounted suburbs in WA
At number 2937 in a list of fastest selling suburbs, Applecross is in the bottom 30% of suburbs in Australia with an average of days on market 107.6 for properties listed there.
Applecross, 6153’s gross rental yield is 2.31%
Applecross has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of -1.60% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Applecross comes in at number 36th in WA.
Our latest figures would indicate that property sellers in Applecross are currently offering property investors an average price cut of -10.17% below the asking price at the moment.
Often selling an investment property can take time, and in Applecross the average time real estate has been on the market is 140.56 days.
Advertised rents are around the $400 mark per week – giving a return of 3.38% based on the median price in Suburb