Property value increases in Nollamara have tracked close to the WA average of -1.92% over the last 12 months.
The five-year average increase in median property values for Nollamara,6061 has given property investors a potential capital gain of -12.64% across each of those five years.
Property investors looking for a bargain in Nollamara should be aiming for at least -7.55% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $330 weekly from the median priced house in this suburb.
Nollamara is an average performer in WA when comparing median price capital growth over the last year. Nollamara gave property investors a good capital gain figure when compared to the rest of the state, with -1.86%.
Taking the average capital gain, or increase in median house value, Nollamara,6061 has racked up an average of -1.86% over the period. This ranks it number 1424th in the whole country for real estate investors looking at median house price increases.
At number 61th of WA’s most discounted properties, Nollamara is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Situated 8.32km from the CBD, Nollamara is one of Stirling (C) localities in the postcode 6061.
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