At number 1473th in the list of Australian suburbs ordered by increase in median house value over the last year, Floreat, 6014 is in the top 40% with a property value increase of 3.80% recorded in median house prices.
If we look at median property appreciation over just the last three months, Floreat has given property investors a paper return of 4.67%. This puts Suburb as 47 on a list of fastest fasting appreciating suburbs in WA
Our latest figures would indicate that property sellers in Floreat are currently offering property investors an average price cut of -6.42% below the asking price at the moment.
Renters in Suburb are facing rents around $37440 per annum or $720 every week.
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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.