Churchlands is an average performer in WA when comparing median price capital growth over the last year. Churchlands gave property investors a good capital gain figure when compared to the rest of the state, with -1.46%.
Over the longer term, Churchlands has seen property prices show investors a 2.82% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Churchlands is $1350000, with sellers offering an average of -5.78% off the asking price.
On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.
Using the current median advertised rental of $820 and the average annual increase in value of a median property of 5.25%, investors should hope to achieve an overall return of 3.16%
Giving property investors a an average capital gain of 3.95% for the last year, Churchlands, 6018 is the 903th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Churchlands has fallen somewhat when compared to the 5 year average annual rate.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.94% offered to property buyers. Sellers in Churchlands itself are offering an average vendor discount of -4.75% to real estate investors.
Churchlands is one of the more expensive suburbs in Perth. The median house price exceeds $1.3m following a period of consistent growth over a five-year period. Homes also sell at an average discount rate of just 4.71%.Full summary
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Premium suburb maintains a high profile
Median house price: $1,370,000
Three-year growth: 1.86%
Rental yield: 2.85%
Labelled after the purchase of the land by the Roman Catholic Church, Churchlands is one of the more expensive suburbs in Perth.
The median house price exceeds $1.3m following a period of consistent growth over a five-year period. Homes also sell at an average discount rate of just 4.71%. However, the suburb reported slight negative growth in the January 2017 quarter, with the average vacancy rate rising to 2.72% in the past 12 months. Furthermore, the low average yield may deter investors.
Nonetheless, the proximity of Churchlands to Perth remains very attractive. The suburb is populated with properties constructed post-1980s, and it is home to several schools, which could draw families. Moreover, it is bordered in the east by Herdsman Lake. Favoured recreational activities include picnicking and bird watching.
Commuters can travel into the CBD by bus.Close