Spearwood has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -3.82% to date .
If we look at median property appreciation over just the last three months, Spearwood has given property investors a paper return of -0.21%. This puts Suburb as 181 on a list of fastest fasting appreciating suburbs in WA
Spearwood6163 is located in WA which offers an average discount of -8.24% to property investors. Spearwood itself is showing figures that indicate -8.09% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Spearwood the average time real estate has been on the market is 95.12 days.
WA has seen average median house prices change by -4.49% which means that Spearwood, 6163 has not done well for property investors by showing a capital gain of -10.76% over the last year
While Spearwood,6163 ranked number 57th in WA for increase in median house value (annualised) increase, it is ranked 1st over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Spearwood is offering property investors an average of -8.65. This rate of discount on properties puts Suburb at number 13th in terms of most discounted suburbs in WA
Renters in Suburb are facing rents around $3480 per annum or $290 every week.
Spearwood has a great feel to it. It has a large European community which flows on from Fremantle. Spearwood is also close to Port Coogee Marina and it is quite affordable considering how close it is to Fremantle and the local coast line. There is plenty of opportunity in the older part of Spearwood for investors as the local government has re-zoned the area and has allowed for subdivisions. Great rental returns also.Full summary
Information supplied by:
Selling points: Spearwood has a great feel to it. It has a large European community which flows on from Fremantle. Spearwood is also close to Port Coogee Marina and it is quite affordable considering how close it is to Fremantle and the local coast line. There is plenty of opportunity in the older part of Spearwood for investors as the local government has re-zoned the area and has allowed for subdivisions. Great rental returns also.
Most sought after properties: I would say the 3x1 old homes on subdividable large blocks would be in very high demand. Overpriced properties do take longer to sell but eventually they do sell. Homes are starting to move faster in this area.
Most common properties: It has so many types of homes from 3x1 on large blocks in the older area to large two story homes on the top of Spearwood heights. There are also new developments west of Rockingham Road.
Top amenities: Great primary schools. Phoenix shopping centre, local banks, Stargate Shopping Complex. Close to continental deli’s, plenty of parks and ovals and is close to Coogee beach and the new Marina which has many cafes and specialty shops.
Recent changes: Spearwood has had new estates developed west of Rockingham Road. There are more new subdivisions getting done now (more land for sale). The older parts of Spearwood have had the sewerage lines connected and new zonings in parts of Spearwood have been changed for future development.
Best streets: Buy close to Coogee beach West of Rockingham Road. Port Coogee is walking distance from that part of Spearwood to the beach and has the best of both worlds. It is affordable and still close to the new Marina. For an investor the older parts of Spearwood that have been re-zoned and have large blocks. Spearwood Heights has great ocean views and is still quite close to everything you need. You can get bargains at the moment as the area is still very affordable....
Public transport: There are a number of bus routes including the 881 which takes you to Garden City Shopping Centre and then to the Perth CBD. There are also buses on Rockingham Road that take you to Fremantle and the local train station.
Main arteries: The main road has extended Spearwood Avenue all the way through to Cockburn Road which gets you to Port Coogee Marina. Closer to Fremantle and South Fremantle.