At number 3776th in the list of Australian suburbs ordered by increase in median house value over the last year, Stirling, 6021 is in the BOTTOM 20% with a property value increase of -6.73% recorded in median house prices.
The five-year average increase in median property values for Stirling,6021 has given property investors a potential capital gain of 0.33% across each of those five years.
Our latest figures would indicate that property sellers in Stirling are currently offering property investors an average price cut of -5.47% below the asking price at the moment.
Decreasing housing stock could be enabling the suburb of Stirling, a regional centre of Perth that can be found along the Mitchell Highway, to see some growth in the difficult WA marketFull summary
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Drop in house supply inspires price growth
Median house price: $815,000
Stock on market: -41.7%
12-month growth: 1.9%
Decreasing housing stock could be enabling the suburb of Stirling, a regional centre of Perth that can be found along the Mitchell Highway, to see some growth in the difficult WA market.
Following a steep decline of over 40% in house supply in the year leading up to July 2017, Stirling recorded 1.9% growth, with the July 2017 quarter logging a 0.6% increase in prices. This could be attributed to Stirling being quite rich in amenities like Osborne Park community general hospital, Stirling Village shopping centre, and many sports grounds. While Stirling does not have its own school, surrounding suburbs like Gwelup and Balcatta provide access to a high school and several primary schools. By taking the train from the local station, the Perth CBD is less than 10 minutes away.