West Leederville is in the bottom 30% in WA when comparing median price capital growth over the last year. West Leederville gave property investors a disappointing capital gain figure when compared to the rest of the state, with -8.15%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Leederville has increased when compared to the 5 year average annual rate.
Advertised rents are around the $620 mark per week – giving a return of 2.86% based on the median price in Suburb
Over the last year, property investments in West Leederville, 6007 have given investors a capital gain of -13.43%. This compares badly with the -5.72% for WA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, West Leederville comes in at number 6th in WA.
West Leederville6007 is located in WA which offers an average discount of -9.30% to property investors. West Leederville itself is showing figures that indicate -7.32% is the average achievable by property buyers investing in the suburb.
West Leederville is 108th on a list of best yielding suburbs for rents in WA with a 3.38% return
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Unit market circumvents state downturn
Median unit price: $540,000
Stock on market: -35.2%
12-month growth: 20.0%
Perth’s property market overall has weakened in the last three years, but units in this suburb have grown 20%.
Just 3km northwest of the Perth CBD, West Leederville seems to have escaped the recent downturn in the WA real estate market. Unit prices have grown 20% this year and 45.9% over the past five years. The current median sales price is $540,000.
The suburb backs on to Subiaco Oval, the home of Aussie rules in WA, and was the earliest area of residential subdivision in the Cambridge council region. West Leederville is well serviced by both trains and buses, and most properties boast a view of either the city or nearby Lake Monger. It’s also only 12km from the beach, and home to a high school for gifted children.