Investment property in Shenton Park has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.70%
Shenton Park,6008 has offered an average of -1.70% return per annum in house price rises to property investors over the last three years.
Shenton Park, 6008 is offering WA ‘s 109th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this WA.
In the last year 45 properties changed hands in Shenton Park, which puts it as the 255th most active market in WA when comparing the number of sales per suburb.
The WA suburb of Shenton Park, 6008 is in the Subiaco (C) local government area.
Giving property investors a a poor capital gain of -30.08% for the last year, Shenton Park, 6008 is the 1508th highest performer in Australia in this respect.
A -10.42% growth in median value for property investors in Shenton Park,6008 puts this suburb at number 91th in terms of best performing suburbs in WA
Vendor discounting in Shenton Park is giving property investors an average Vendor Discount of around -8.39%. This puts suburb at number 37th in WA when ranking the most discounted suburbs.
In the last year 21 properties changed hands in Shenton Park, which puts it as the 75th most active market in WA when comparing the number of sales per suburb.
Advertised rents are around the $360 mark per week – giving a return of 4.35% based on the median price in Suburb
Information supplied by:
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.