Mount Hawthorn has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -6.21% to date .
While Mount Hawthorn,6016 ranked number 270th in WA for increase in median house value (annualised) increase, it is ranked 139th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Mount Hawthorn is offering property investors an average of -8.58. This rate of discount on properties puts Suburb at number 281th in terms of most discounted suburbs in WA
Often selling an investment property can take time, and in Mount Hawthorn the average time real estate has been on the market is 59.48 days.
Mount Hawthorn is 384th on a list of best yielding suburbs for rents in WA with a 3.13% return
If you compare the increase in value of investment property in Mount Hawthorn, 6016 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this WA suburb was 6.88%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mount Hawthorn has fallen somewhat when compared to the 5 year average annual rate.
Advertised rents are around the $400 mark per week – giving a return of 4.12% based on the median price in Suburb
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Mount Hawthorn is an average performer in WA when comparing median price capital growth over the last year. Mount Hawthorn gave property investors a average capital gain figure when compared to the rest of the state, with 4.00%.
When looking at the potential capital gains offered to property investors over the last 3 years, Mount Hawthorn comes in at number 202th in WA.
Mount Hawthorn, 6016 is offering WA ‘s 365th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this WA.
Mount Hawthorn is 342th on a list of best yielding suburbs for rents in WA with a 3.75% return.
Mount Hawthorn’s largest selling point is the fact it is an inner city suburb in very close proximity to the Perth CBD as well as being located in close proximity to the Mitchell Freeway (Perth’s largest Freeway) offering great accessibility. The area has many character houses which create an inviting and homely atmosphere along with having an activity strip along Scarborough Beach Road.
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-west of the suburb is a great access link to the CBD. The activity strip along Scarborough Beach Road features many retail and office land uses which service the area. Leederville which is a renowned café strip and activity centre is located just south of the suburb.
Local industry and business:
The commercial/retail zone on Scarborough Beach Road, as well as the Osborne Park Industrial zone is the two major employment centres for the area. A large portion of the population of the suburb would find employment in the CBD as it is in very close proximity.
A plan is in place to fully utilise the activity strip along Scarborough Beach Road. This is done through draft rezoning and through increasing building height. A mix of residential and commercial is the desired result along Scarborough Beach Road creating a vibrant mixed activity strip.
The streets in short walking distance to the train station and to the Mount Hawthorn Neighbourhood Centre on Scarborough Beach Road are the best streets in the suburb.
About 7 out of 10. The train is a short walk from the north-western portion of the suburb. Buses service the suburb well with high frequency bus routes down Scarborough Beach Road and Green Street.
The suburb abuts the Mitchell Freeway offering great accessibility in to the CBD. Scarborough Beach Road dissects the suburb and is a major activity strip offering retail land uses and good public transport. Green Street to the north of the suburb is a busy road leading from Glendalough Station to the Dog Swamp Shopping Centre.