WA has seen average median house prices change by -2.18% which means that Shenton Park, 6008 has not done well for property investors by showing a capital gain of -6.50% over the last year
Across a shorter period, Shenton Park, 6008 has seen a median price increase of 2.09% over the last quarter.
The most recent median price for Shenton Park is $1150000, with sellers offering an average of -7.43% off the asking price.
At number 301 in a list of fastest selling suburbs, Shenton Park is in the TOP 10% of suburbs in Australia with an average of days on market 48.4694 for properties listed there.
Renters in Suburb are facing rents around $32240 per annum or $620 every week.
Shenton Park is in the bottom 10% in WA when comparing median price capital growth over the last year. Shenton Park gave property investors a dismal capital gain figure when compared to the rest of the state, with -31.30%.
The five-year average increase in median property values for Shenton Park,6008 has given property investors a potential capital gain of -10.00% across each of those five years.
At number 68th of WA’s most discounted properties, Shenton Park is in the TOP 10% of the state/territory when listing in order of most discounted to least.
The WA suburb of Shenton Park, 6008 is in the Subiaco (C) local government area.
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Property value increases in Shenton Park have tracked close to the WA average of 4.41% over the last 12 months.
Across a shorter period, Shenton Park, 6008 has seen a median price increase of -1.16% over the last quarter.
Sellers are offering property buyers an average discount of -9.67% to buyers in Shenton Park at the moment, which is less than average for the rest of WA.
With the median price for a house in Shenton Park being $1062500 and the advertised rent reaching $795 the gross rental yield for property investors calculates out to be 3.89%
Shenton Park’s proximity to the main activity centres of West Perth/Subiaco (1.5km) and the Perth CBD (3km) are the main drawcards. The train line runs along the northern border of the suburb making it highly accessible. The area is tightly held with little supply entering the market making it an exclusive suburb.
Most sought-after properties:
Older aged character houses on larger blocks of 600+ square metres.
Most common properties:
The area is dominated by older aged character houses on 500sqm blocks.
The train line at the north of the suburb is a great access link to the CBD to the east and to Claremont and Cottesloe to the west. Retail and commercial land uses are found along Onslow St, Nicholson Road and Rokeby Road.
Local industry and business:
Charlie Gardiner Hospital is located on the southern border of the suburb. Subiaco and West Perth are just north of the suburb and are major employment hubs of Perth.
A $26 million state netball centre in the neighbouring suburb of Jolimont is expected to be completed in 2014. A $1.2 billion Children’s Hospital in Nedlands is planned to be completed in 2015. These two large projects are adding to the amenities and infrastructure in the area.
The streets in short walking distance to the train stations.
About 9 out of 10. The train is a short walk from most residential premises in the suburb. Buses are highly frequent along Derby Rd and Nicholson Rd.
Thomas Street and Railway Road run the peripheries of the suburb with Nicholson road being the major road dissecting the suburb.