Property investors who have had real estate in Coolbellup, 6163 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 -8.26%
Over the longer term, Coolbellup has seen property prices show investors a 18.34% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Coolbellup is offering property investors an average of -8.15. This rate of discount on properties puts Suburb at number 228th in terms of most discounted suburbs in WA
Often selling an investment property can take time, and in Coolbellup the average time real estate has been on the market is 85.1 days.
With the median price for a house in Coolbellup being $500000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.64%