Giving property investors a an unimpressive capital gain of -0.95% for the last year, Churchlands, 6018 is the 3197th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Churchlands,6018 has racked up an average of -0.95% over the period. This ranks it number 3156th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Churchlands are currently offering property investors an average price cut of -5.90% below the asking price at the moment.
Churchlands is 359th on a list of best yielding suburbs for rents in WA with a 2.88% return
Property investors who have had real estate in Churchlands, 6018 should be ok with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.13%
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.
The most recent median price for Churchlands is $391875, with sellers offering an average of -4.13% off the asking price.
Churchlands is 80th on a list of best yielding suburbs for rents in WA with a 3.91% return
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