Property investors who have had real estate in Floreat, 6014 should be ok 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 -1.47%
If we look at median property appreciation over just the last three months, Floreat has given property investors a paper return of -1.92%. This puts Suburb as 304 on a list of fastest fasting appreciating suburbs in WA
The most recent median price for Floreat is $1305500, with sellers offering an average of -5.22% off the asking price.
Floreat is 396th on a list of best yielding suburbs for rents in WA with a 2.93% return
Floreat is an average performer in WA when comparing median price capital growth over the last year. Floreat gave property investors a average capital gain figure when compared to the rest of the state, with -6.56%.
Comparing Floreat,6014 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Floreat, 6014’s gross rental yield is 4.74%
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In spite of Perth’s negative trend, the premium suburb of Floreat defies the norm by continuing to record growth over the 12 months to April 2017.
House prices increased by 3% during this period, with the median value clocking in at just over $1,250,000. This continues a fairly steady positive trend observed over the recent five-year period and shows there is growth potential here, even though the average rental yield is low at just 2.9%.
Floreat’s proximity to the Perth CBD likely contributes to the interest in the suburb, as it’s just 8km from the capital. Moreover, it’s loaded with amenities, including a shopping centre, restaurants, sports venues and several schools.