If you compare the increase in value of investment property in West Leederville, 6007 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this WA suburb was 12.36%.
When looking at the potential capital gains offered to property investors over the last 3 years, West Leederville comes in at number 42th in WA.
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 West Leederville, 6007. Typically our figures indicate that -7.31% is being offered, which puts this WA suburb at 1025th most discounted overall in Australia.
WA has seen average median house prices change by -4.15% which means that West Leederville, 6007 has not done well for property investors by showing a capital gain of -2.59% over the last year
Over the longer term, West Leederville has seen property prices show investors a 12.82% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in West Leederville 6007 should be seeing an average reduction in asking price of around -7.35% . This means that West Leederville is holding prices well when compared to other suburbs in WA.
Situated 1.97km from the CBD, West Leederville is one of Cambridge localities in the postcode 6007.
Perth’s property market overall has weakened in the last three years, but units in this suburb have grown 20%Full summary
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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.Close