If you compare the increase in value of investment property in Northam, 6401 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -3.83%.
If we look at median property appreciation over just the last three months, Northam has given property investors a paper return of -1.20%. This puts Suburb as 224 on a list of fastest fasting appreciating suburbs in WA
Property investors looking for a bargain in Northam should be aiming for at least -14.73% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $295 mark per week – giving a return of 6.79% based on the median price in Suburb