Churchlands, 6018 ranked 274th in WA when comparing growth in median property values or capital gain over the last 12 months. Churchlands is one of 1662 in our list for WA
While Churchlands,6018 ranked number 374th in WA for increase in median house value (annualised) increase, it is ranked 79th over the last 5 years.
Our latest figures would indicate that property sellers in Churchlands are currently offering property investors an average price cut of -7.32% below the asking price at the moment.
Property investors should expect to get $870 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Churchlands, 6018 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -18.00%.
When looking at the potential capital gains offered to property investors over the last 3 years, Churchlands comes in at number 34th in WA.
Sellers are offering property buyers an average discount of -9.73% to buyers in Churchlands at the moment, which is less than average for the rest of WA.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 1.95%, investors should hope to achieve an overall return of 4.91%
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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.