Giving property investors a a stable capital gain of 9.40% for the last year, Orelia, 6167 is the 1583th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Orelia comes in at number 113th in WA.
LACK OF BUYER INTEREST may well be the reason that Orelia is offering property investors an average of -8.23. This rate of discount on properties puts Suburb at number 192th in terms of most discounted suburbs in WA
On average over the past year, suburb has had 3.92 sales per month, which equates to 47 per year.
Property investors should expect to get $290 weekly from the median priced house in this suburb.
When looking at the potential capital gains offered to property investors over the last 3 years, Orelia comes in at number 98th in WA.
Orelia6167 is located in WA which offers an average discount of -8.85% to property investors. Orelia itself is showing figures that indicate -12.66% is the average achievable by property buyers investing in the suburb.
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.