WA has seen average median house prices change by -2.74% which means that West Leederville, 6007 has not done well for property investors by showing a capital gain of -9.09% over the last year
Taking the average capital gain, or increase in median house value, West Leederville,6007 has racked up an average of -9.09% over the period. This ranks it number 2634th in the whole country for real estate investors looking at median house price increases.
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 -9.19% is being offered, which puts this WA suburb at 453th most discounted overall in Australia.
At number 360 in a list of fastest selling suburbs, West Leederville is in the TOP 10% of suburbs in Australia with an average of days on market 51.0294 for properties listed there.
Property investors who have had real estate in West Leederville, 6007 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -9.18%
Comparing West Leederville,6007 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in West Leederville 6007 should be seeing an average reduction in asking price of around -9.04% . This means that West Leederville is holding prices well when compared to other suburbs in WA.
Residents and property investors in West Leederville have been waiting around 106.6 days to sell a property.
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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.