Investment property in Floreat has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.60%
A 17.08% growth in median value for property investors in Floreat,6014 puts this suburb at number 74th in terms of best performing suburbs in WA
Situated 6.32km from the CBD, Floreat is one of Cambridge localities in the postcode 6014.
With a capital gain of -4.29% for the last 12 months, Floreat, 6014 has performed for property investments than its average annual -1.86% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Floreat,6014 has racked up an average of -4.29% over the period. This ranks it number 1491th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of -1.86%, investors should hope to achieve an overall return of 3.73%
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.Full summary
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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.Close