Wandi, 6167 ranked 195th in WA when comparing growth in median property values or capital gain over the last 12 months. Wandi is one of 1662 in our list for WA
Comparing Wandi,6167 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Our latest figures would indicate that property sellers in Wandi are currently offering property investors an average price cut of -7.74% below the asking price at the moment.
With the median price for a house in Wandi being $512000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.86%
Information supplied by:
Supply of houses drops with prices
Median house price: $512,500
Stock on market: -36.7%
12-month growth: -6.0%
With WA still in the throes of its downturn period, Wandi is one of the suburbs suffering as a result, with house values falling over the last three years.
The number of houses listed on the market has also dropped by over 50 properties. With the suburb being located just over half an hour’s drive from the Perth CBD, its affordability could help stir up some demand once the state’s economic troubles settle.
Wandi is a fairly new suburb, having been gazetted in 1978. It is primarily composed of bushland, and it is part of the Jandakot Regional Park. Public transport is not offered here, but Kwinana Freeway forms the western boundary of the suburb, and is one of the routes commuters can take to the city.