Piccadilly has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 3.61% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Piccadilly has stayed pretty constant when compared to the 5 year average annual rate.
Property investors looking for a bargain in Piccadilly should be aiming for at least -7.68% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 28 properties changed hands in Piccadilly, which puts it as the 317th most active market in WA when comparing the number of sales per suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.52%, without taking into account capital value appreciation, which has been averaging out at 3.05%.