With a capital gain of 2.13% for the last 12 months, Doubleview, 6018 has performed for property investments than its average annual 2.37% property growth over the last 5 years.
Over the longer term, Doubleview has seen property prices show investors a 2.86% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -5.92% to buyers in Doubleview at the moment, which is less than average for the rest of WA.
In the last year 144 properties changed hands in Doubleview, which puts it as the 34th most active market in WA when comparing the number of sales per suburb.
With the median price for a house in Doubleview being $720000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.47%
Doubleview, 6018 ranked 91th in WA when comparing growth in median property values or capital gain over the last 12 months. Doubleview is one of 1662 in our list for WA
The five-year average increase in median property values for Doubleview,6018 has given property investors a potential capital gain of -30.32% across each of those five years.
With the median price for a house in Doubleview being $386000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.12%
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.