WA has seen average median house prices change by -2.36% which means that Two Rocks, 6037 has not done well for property investors by showing a capital gain of -6.49% over the last year
Over the longer term, Two Rocks has seen property prices show investors a -7.69% return over the last 3 years. This is an improvement over the last 12 months
At number 75th of WA’s most discounted properties, Two Rocks is in the bottom 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 3.92 sales per month, which equates to 47 per year.
Property investors should expect to get $310 weekly from the median priced house in this suburb.
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House stock takes a fall
Median house price: $385,000
Stock on market: -43.6%
12-month growth: 6.9%
Named for the two rocks that are located offshore from Wreck Point, the suburb of Two Rocks is one of the few suburbs to see some positivity in the midst of Western Australia’s difficult market. It is situated on the outskirts of Perth, which is accessible by taking the 490 bus from Butler Railway Station.
While much of the state is facing a state of oversupply and high vacancy rates, Two Rocks saw housing supply plummet from 148 in November 2016 to only 84 in the following year, representing a fall of 43.6%. This has caused the average vacancy rate to nosedive from 4.6% to just 2.8%.
Houses in Two Rocks are very affordable at a median price of $385,000, despite an increase of 6.9% in values.