Stirling has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -7.08% to date .
Stirling,6021 was ranked 2584 in Australia by increase in median property value over the quarter.
Stirling, 6021 is offering WA ‘s 340th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this WA.
With the median price for a house in Stirling being $755000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.10%
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.