Property investors who have had real estate in Willetton, 6155 should be relatively 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 -3.45%
Willetton,6155 was ranked 2600 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Willetton, 6155. Typically our figures indicate that -5.62% is being offered, which puts this WA suburb at 2113th most discounted overall in Australia.
Often selling an investment property can take time, and in Willetton the average time real estate has been on the market is 64.72 days.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 4.74%, investors should hope to achieve an overall return of 3.19%
Quality public education is the name of the game for Willetton, a family-oriented suburb located just 10km from the Perth CBD. Two of the state's leading public schools are located in the suburb and some locals have been known to move to the area in order for their kids to be zone-eligible.Full summary
Information supplied by:
Morgan Real Estate
0402 858 499
(08) 9457 0500
Selling points: Willetton is a family friendly suburb, situated approximately 10km from the Perth CBD, with a resident population of around 17,000. Willetton Senior High School (WA Secondary School of the Year 2011) is the suburb’s public high school and is a big drawcard for families wanting to use the public system. This year an $80 million upgrade was announced for the school. An added bonus is that some parts of Willetton feed into nearby Rossmoyne Senior High School, another of the best publics.
Most sought after properties: Four-bedroom properties are always popular. As rental prices increase in the suburb however, many renters “make do” with three-bedroom properties, as they are at the entry level price bracket. The feedback we get is a preference for two bathrooms and a garage, rather than a carport.
Most common properties: Predominantly detached three and four-bedroom homes, 25-40 years old.
Top amenities: Quality public schools – both primary and secondary; Southlands Boulevarde Shopping Centre with Coles, Woolworths and a cinema complex; a good variety of other retail/commercial businesses; plenty of parks and ovals; plus many churches.
Local industry and business: Whilst there are a number of retail/commercial sites throughout Willetton, most industry is situated in the next suburb (Canning Vale).
Recent changes: As the houses start to age, there has been a trend to renovate, both internally and externally. We are also finding that some people like the suburb so much that if they can’t find an upgrade property they want, they are knocking down their existing property and building to enable them to remain in the suburb (there are very few blocks of land remaining in the suburb).
Best streets: Buy close to Willetton Senior High School; in the Rossmoyne Senior High School Zone; or in the Optional Primary School Zone. Less popular areas are closer to South Street and Roe Highway because of the traffic noise.
Public transport: The suburb is well serviced by buses. Some are on the Circle Route taking passengers into the city, to universities and out to the northern and western parts of Perth; whilst others link to train stations, allowing passengers to travel to the city, south to Mandurah and beyond.
Main arteries: Willetton is well serviced by major roads. Leach Highway takes you to the beachside suburb of Fremantle (west) and the industrial area of Welshpool (north). It links with the Kwinana Freeway and Albany Highway to take you into the Perth CBD and on to the northern suburbs. Roe Highway takes you to Jandakot Airport (south) and Midland (north east).