Investment property in West Leederville has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.82%
The five-year average increase in median property values for West Leederville,6007 has given property investors a potential capital gain of 18.99% across each of those five years.
At number 384th of WA’s most discounted properties, West Leederville is in the TOP 10% of the state/territory when listing in order of most discounted to least.
With the median price for a house in West Leederville being $1175000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 2.66%
West Leederville has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of -1.39% to date .
Comparing West Leederville,6007 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Vendor discounting in West Leederville is giving property investors an average Vendor Discount of around -6.60%. This puts suburb at number 87th in WA when ranking the most discounted suburbs.
Advertised rents are around the $320 mark per week – giving a return of 3.12% based on the median price in Suburb
Perth’s property market overall has weakened in the last three years, but units in this suburb have grown 20%Full summary
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Unit market circumvents state downturn
Median unit price: $540,000
Stock on market: -35.2%
12-month growth: 20.0%
Perth’s property market overall has weakened in the last three years, but units in this suburb have grown 20%.
Just 3km northwest of the Perth CBD, West Leederville seems to have escaped the recent downturn in the WA real estate market. Unit prices have grown 20% this year and 45.9% over the past five years. The current median sales price is $540,000.
The suburb backs on to Subiaco Oval, the home of Aussie rules in WA, and was the earliest area of residential subdivision in the Cambridge council region. West Leederville is well serviced by both trains and buses, and most properties boast a view of either the city or nearby Lake Monger. It’s also only 12km from the beach, and home to a high school for gifted children.Close