With a capital gain of -7.89% for the last 12 months, Doubleview, 6018 has performed for property investments than its average annual 0.98% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Doubleview has given property investors a paper return of -7.64%. This puts Suburb as 426 on a list of fastest fasting appreciating suburbs in WA
Vendor discounting in Doubleview is giving property investors an average Vendor Discount of around -5.81%. This puts suburb at number 326th in WA when ranking the most discounted suburbs.
Advertised rents are around the $500 mark per week – giving a return of 3.91% based on the median price in Suburb
Over the last year, property investments in Doubleview, 6018 have given investors a capital gain of -8.24%. This compares averagely with the -4.63% for WA as a whole.
While Doubleview,6018 ranked number 24th in WA for increase in median house value (annualised) increase, it is ranked 29th over the last 5 years.
Information supplied by:
Stock gets consumed
Median unit price: $468,000
Stock on market: -24.6%
12-month growth: 3.8%
A suburb that provides excellent views of both the Indian Ocean and the Darling Range, Doubleview certainly deserves its moniker. As Western Australia begins its upward journey back to a healthy market, Doubleview has followed suit, with prices increasing over the May 2017-2018 period.
Apartment values shot up by 8.7% in the three months to May 2018, boosting the median price to $468,000. Demand could be enhanced by how existing property stock is finally being eaten up, as the supply of both houses and units dropped by nearly 25%.
Doubleview is nestled between Innaloo and Scarborough. Scarborough Beach Road is a busy street that is regarded as one of Doubleview’s main roads, making the suburb quite accessible, considering it is only 11km from the Perth CBD. Doubleview maintains four public parks, maximising the existing natural resources.