Wembley has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 1.63% to date .
Across a shorter period, Wembley, 6014 has seen a median price increase of 3.09% over the last quarter.
Vendor discounting in Wembley is giving property investors an average Vendor Discount of around -6.89%. This puts suburb at number 261th in WA when ranking the most discounted suburbs.
Using the current median advertised rental of $595 and the average annual increase in value of a median property of 2.25%, investors should hope to achieve an overall return of 3.09%
Property investors who have had real estate in Wembley, 6014 should be unhappy 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 -24.01%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wembley has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Wembley should be aiming for at least -9.49% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 7.42 sales per month, which equates to 89 per year.
With the median price for a house in Wembley being $250000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.62%