Property investors who have had real estate in Churchlands, 6018 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
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
Property buyers and investors in Churchlands 6018 should be seeing an average reduction in asking price of around -6.44% . This means that Churchlands is holding prices well when compared to other suburbs in WA.
Churchlands has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 21.10% to date .
While Churchlands,6018 ranked number 23th in WA for increase in median house value (annualised) increase, it is ranked 18th over the last 5 years.
The most recent median price for Churchlands is $439000, with sellers offering an average of -5.13% off the asking price.
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