Property value increases in Churchlands have tracked close to the WA average of -1.74% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Churchlands comes in at number 173th in WA.
Our latest figures would indicate that property sellers in Churchlands are currently offering property investors an average price cut of -5.52% below the asking price at the moment.
In the last year 42 properties changed hands in Churchlands, which puts it as the 265th most active market in WA when comparing the number of sales per suburb.
Churchlands, 6018’s gross rental yield is 3.39%
Property value increases in Churchlands have tracked just higher than the WA average of -4.63% over the last 12 months.
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 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.81% offered to property buyers. Sellers in Churchlands itself are offering an average vendor discount of -6.19% to real estate investors.
Often selling an investment property can take time, and in Churchlands the average time real estate has been on the market is 85.6 days.
Churchlands, 6018’s gross rental yield is 4.59%
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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.