Stirling, 6021 ranked 125th in WA when comparing growth in median property values or capital gain over the last 12 months. Stirling is one of 1662 in our list for WA
Stirling,6021 has offered an average of 1.90% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Stirling should be aiming for at least -7.08% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $522.5 and the average annual increase in value of a median property of 0.36%, investors should hope to achieve an overall return of 3.68%
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Drop in house supply inspires price growth
Median house price: $815,000
Stock on market: -41.7%
12-month growth: 1.9%
Decreasing housing stock could be enabling the suburb of Stirling, a regional centre of Perth that can be found along the Mitchell Highway, to see some growth in the difficult WA market.
Following a steep decline of over 40% in house supply in the year leading up to July 2017, Stirling recorded 1.9% growth, with the July 2017 quarter logging a 0.6% increase in prices. This could be attributed to Stirling being quite rich in amenities like Osborne Park community general hospital, Stirling Village shopping centre, and many sports grounds. While Stirling does not have its own school, surrounding suburbs like Gwelup and Balcatta provide access to a high school and several primary schools. By taking the train from the local station, the Perth CBD is less than 10 minutes away.