If you compare the increase in value of investment property in West Leederville, 6007 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was 7.95%.
When looking at the potential capital gains offered to property investors over the last 3 years, West Leederville comes in at number 16th in WA.
LACK OF BUYER INTEREST may well be the reason that West Leederville is offering property investors an average of -8.11. This rate of discount on properties puts Suburb at number 393th in terms of most discounted suburbs in WA
At number 953 in a list of fastest selling suburbs, West Leederville is in the TOP 30% of suburbs in Australia with an average of days on market 52.46 for properties listed there.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
West Leederville is in the TOP 30% in WA when comparing median price capital growth over the last year. West Leederville gave property investors a good capital gain figure when compared to the rest of the state, with 0.94%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Leederville has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.66% to buyers in West Leederville at the moment, which is less than average for the rest of WA.
Property investors should expect to get $320 weekly from the median priced house in this 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