With a capital gain of -4.00% for the last 12 months, Two Rocks, 6037 has performed for property investments than its average annual -0.62% property growth over the last 5 years.
Two Rocks,6037 was ranked 1377 in Australia by increase in median property value over the quarter.
Two Rocks6037 is located in WA which offers an average discount of -8.26% to property investors. Two Rocks itself is showing figures that indicate -10.26% is the average achievable by property buyers investing in the suburb.
Situated 56.26km from the CBD, Two Rocks is one of Wanneroo (C) localities in the postcode 6037.
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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.