WA has seen average median house prices change by -2.18% which means that Karrinyup, 6018 has not done well for property investors by showing a capital gain of 1.20% over the last year
The five-year average increase in median property values for Karrinyup,6018 has given property investors a potential capital gain of -4.19% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Karrinyup is offering property investors an average of -8.59. This rate of discount on properties puts Suburb at number 356th in terms of most discounted suburbs in WA
Property investors should expect to get $517.5 weekly from the median priced house in this suburb.
Information supplied by:
Suburb recovers as housing stock falls
Median house price: $807,500
Stock on market: -33.1% (houses from 114 to 74)
12-month growth: 3.1%
A short distance from Perth, the suburb of Karrinyup is looking at a potential resurgence as WA begins to stabilise.
The number of houses on the market decreased considerably from over 100 to just 74 over February 2017-2018. The limited supply could have helped to spur the slight price growth of 3.1% in this period.
A third of Karrinyup is composed of bushland, and there are two golf courses in the area that take advantage of this. Karrinyup Shopping Centre houses two department stores, the local community centre and a library. The bus station attached to the shopping centre provides access to the Stirling train station. Three state primary schools cater to families with children, and St Mary’s Anglican Girls School was relocated to Karrinyup in 1961.