Stirling has had a very poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -10.64% to date .
Across a shorter period, Stirling, 6021 has seen a median price increase of -0.34% over the last quarter.
Sellers are offering property buyers an average discount of -6.08% to buyers in Stirling at the moment, which is less than average for the rest of WA.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
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 marketFull summary
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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.