Giving property investors a a stable capital gain of 11.96% for the last year, Orelia, 6167 is the 1320th highest performer in Australia in this respect.
Over the longer term, Orelia has seen property prices show investors a -3.30% return over the last 3 years. This is an improvement over the last 12 months
Orelia, 6167 is offering WA ‘s 146th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this WA.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 0.79%.
WA has seen average median house prices change by -4.39% which means that Orelia, 6167 has not done well for property investors by showing a capital gain of -5.88% over the last year
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -9.02% offered to property buyers. Sellers in Orelia itself are offering an average vendor discount of -11.34% to real estate investors.
Orelia is 8th on a list of best yielding suburbs for rents in WA with a 6.50% return
Orelia has a good mix of older and newer properties that is beginning to attract first homebuyers and investors looking for some of the region’s best rental yieldsFull summary
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The last time Orelia racked up double digit growth was in 2007 when it notched up a staggering 20% annual growth. Since then, it’s been mostly downhill for the suburb with the exception of 2010 when it recorded a modest 4% increase in median value according to Residex. However, there are now indications that the worst is over for the suburb.
Local agent Sam Winmar says Orelia has a good mix of older and newer properties that is beginning to attract first-time homebuyers and investors looking for some of the region’s best rental yields. This lower priced suburb became a much more viable to option to young professionals following the opening of the nearby Kwinana rail station, which will get commuters to the CBD in 30 minutes. The Kwinana government is investing heavily in local infrastructure, and work has already begun to improve the nearby major shopping centre.
Best Street(s): Nottingham Parkway has several stately homes and faces the wildflower reserve, yet is just a short walk to the new Kwinana rail station.