Investment property in Gwelup has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.79%
Taking the average capital gain, or increase in median house value, Gwelup,6018 has racked up an average of 4.79% over the period. This ranks it number 3237th in the whole country for real estate investors looking at median house price increases.
Gwelup, 6018 is offering WA ‘s 359th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this WA.
On average over the past year, suburb has had 4.58 sales per month, which equates to 55 per year.
Renters in Suburb are facing rents around $7140 per annum or $595 every week.
Named for its resident swamp, Gwelup is one of the metro suburbs suggesting that Perth is on its way back to positive growth.Full summary
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Median house price: $835,000
Vacancy rate: 1.14%
Three-year growth: 0.00%
Named for its resident swamp, Gwelup is one of the metro suburbs suggesting that Perth is on its way back to positive growth.
The average vacancy rate here has dropped from 1.29% to a very tight 1.14%, indicating demand. While house prices have continued to fall by 2.4% over the past 12 months, there was no further decrease during the February 2017 quarter.
Gwelup is situated along the Mitchell Freeway, and is 15 minutes away from Perth. Bus routes run from the suburb to the Perth CBD via the Stirling railway station. Residents can opt to shop at either the Gwelup Plaza neighbourhood shopping centre or at Karrinyup Shopping Centre. There is a lot of open space to foster community activity, and Lake Gwelup Reserve is home to native fauna, tennis courts and cycling trails. Gwelup houses a primary school as well.Close