If you compare the increase in value of investment property in Innaloo, 6018 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was -2.73%.
If we look at median property appreciation over just the last three months, Innaloo has given property investors a paper return of -0.93%. This puts Suburb as 257 on a list of fastest fasting appreciating suburbs in WA
Property investors looking for a bargain in Innaloo should be aiming for at least -6.49% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 9.23km from the CBD, Innaloo is one of Stirling (C) localities in the postcode 6018.
Innaloo has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of -1.90% to date .
Innaloo,6018 has offered an average of -1.90% return per annum in house price rises to property investors over the last three years.
At number 69th of WA’s most discounted properties, Innaloo is in the TOP 10% of the state/territory when listing in order of most discounted to least.
At number 1121 in a list of fastest selling suburbs, Innaloo is in the bottom 20% of suburbs in Australia with an average of days on market 107.235 for properties listed there.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.80%, without taking into account capital value appreciation, which has been averaging out at -0.87%.
Information supplied by:
0412 717 940
Selling points: Innaloo is a very sought after area, located close to a train station and bus depot, a major shopping centre, great schools and the freeway.
Most sought after properties: Typically anything over two bedrooms, lock up garage, air conditioning and outdoor area
Most common properties: A mix of old & new
Top amenities: High quality public and private schools, a great shopping centre, plenty of public space and proximity to the beach
Local industry and business: Most residents are commuters to the CBD
Recent changes: Residential development is increasing in the area as demand grows and the suburb is a very busy one
Best streets: Anywhere in this suburb is in demand
Public transport: One of the best in the state
Main arteries: Get to the beach in five minutes; walk to the train station and bus depot; walk or take a very quick drive to a major shopping centre; 10 minutes’ drive to Perth city.