At number 520th in the list of Australian suburbs ordered by increase in median house value over the last year, West Leederville, 6007 is in the top 20% with a property value increase of 15.60% recorded in median house prices.
The five-year average increase in median property values for West Leederville,6007 has given property investors a potential capital gain of 24.74% across each of those five years.
West Leederville6007 is located in WA which offers an average discount of -8.02% to property investors. West Leederville itself is showing figures that indicate -5.54% is the average achievable by property buyers investing in the suburb.
West Leederville, 6007’s gross rental yield is 2.55%
Giving property investors a an unimpressive capital gain of -1.85% for the last year, West Leederville, 6007 is the 1153th highest performer in Australia in this respect.
Over the longer term, West Leederville has seen property prices show investors a 14.72% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in West Leederville 6007 should be seeing an average reduction in asking price of around -7.29% . This means that West Leederville is holding prices well when compared to other suburbs in WA.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 3.14%, without taking into account capital value appreciation, which has been averaging out at 8.77%.
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