Piccadilly has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.46% 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 fallen somewhat when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Piccadilly, 6430. Typically our figures indicate that -9.44% is being offered, which puts this WA suburb at 441th most discounted overall in Australia.
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 2.99%, investors should hope to achieve an overall return of 6.07%