If you compare the increase in value of investment property in West Leederville, 6007 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -9.35%.
West Leederville,6007 has offered an average of -9.35% return per annum in house price rises to property investors over the last three years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.91% offered to property buyers. Sellers in West Leederville itself are offering an average vendor discount of -5.59% to real estate investors.
On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.
A $590 per week rent on the median house gives suburb investors a gross yield of circa 2.80%, without taking into account capital value appreciation, which has been averaging out at 1.88%.
With a capital gain of -10.55% for the last 12 months, West Leederville, 6007 has performed for property investments than its average annual 6.73% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, West Leederville comes in at number 61th in WA.
Our latest figures would indicate that property sellers in West Leederville are currently offering property investors an average price cut of -12.04% below the asking price at the moment.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.67%, without taking into account capital value appreciation, which has been averaging out at 6.73%.
Information supplied by:
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.