Investment property in Spearwood 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 -8.57%
Over the longer term, Spearwood has seen property prices show investors a -3.71% return over the last 3 years. This is worse than over the last 12 months
Spearwood, 6163 is offering WA ‘s 110th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this WA.
With the median price for a house in Spearwood being $480000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.01%
Over the last year, property investments in Spearwood, 6163 have given investors a capital gain of 3.30%. This compares very favourably with the -3.64% for WA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Spearwood comes in at number 5th in WA.
At number 88th of WA’s most discounted properties, Spearwood is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Spearwood the average time real estate has been on the market is 145.4 days.
Advertised rents are around the $290 mark per week – giving a return of 3.78% based on the median price in Suburb
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
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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.