Gwelup has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 2.09% to date .
Comparing Gwelup,6018 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Our latest figures would indicate that property sellers in Gwelup are currently offering property investors an average price cut of -5.26% below the asking price at the moment.
The WA suburb of Gwelup, 6018 is in the Stirling (C) local government area.
Information supplied by:
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.