Giving property investors a an unimpressive capital gain of -3.80% for the last year, Nollamara, 6061 is the 3447th highest performer in Australia in this respect.
Comparing Nollamara,6061 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Nollamara, 6061 is offering WA ‘s 309th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this WA.
Renters in Suburb are facing rents around $17160 per annum or $330 every week.
Nollamara has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.83% to date .
Over the longer term, Nollamara has seen property prices show investors a -17.11% return over the last 3 years. This is an improvement over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Nollamara, 6061. Typically our figures indicate that -5.74% is being offered, which puts this WA suburb at 709th most discounted overall in Australia.
On average over the past year, suburb has had 5.00 sales per month, which equates to 60 per year.
Named for the Kangaroo Paw plant, the suburb of Nollamara enjoys a premium location just around 10km from the Perth CBD and 15km from Trigg BeachFull summary
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Lowered supply could boost demand
Median house price: $385,000
Stock on market: -15.1%
12-month growth: -3.8%
Named for the Kangaroo Paw plant, the suburb of Nollamara enjoys a premium location just around 10km from the Perth CBD and 15km from Trigg Beach.
While it got its start as a low-income suburb, Nollamara has since experienced a lot of gentrification. Newly constructed houses have taken the place of old established properties, attracting young families and professionals. In addition, Nollamara is bordered by hip (more expensive) hangouts like Leederville and Subiaco.
Prices are dropping in line with WA’s overall status, but the decline seems to slowing for Nollamara. Moreover, the number of houses on the market went down from over 170 to less than 140 in the span of 12 months (August 2017-2018). This tightening of supply could serve to increase demand and inspire positive growth in combination with the low price tag.Close