If you compare the increase in value of investment property in Hillarys, 6025 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this WA suburb was 8.12%.
Across a shorter period, Hillarys, 6025 has seen a median price increase of 1.52% over the last quarter.
Property investors looking for a bargain in Hillarys should be aiming for at least -6.62% off the asking price, which is the average vendor discount being achieved at the moment.
Property value increases in Hillarys have tracked just lower than the WA average of -6.57% over the last 12 months.
Information supplied by:
Hillarys, WA – Housing supply and prices increase
Median house price: $820,000
Stock on market: 31.8%
12-month growth: 2.5%
Situated on the northern coast of Perth, the suburb of Hillary is a hit with tourists due to the presence of the Hillarys Boat Harbour. For property investors, this is an area to act fast on as prices keep increasing with more housing stock.
This marina development is one of Perth’s most popular destinations, containing the Aquarium of Western Australia, Hillarys Yacht Club and Sorrento Quay. With the abundance of parklands and the surrounding waterfront, Hillarys has capitalised by establishing luxury hotel accommodations like the Hillarys Harbour Resort. There are also activities like night fishing, diving and whale watching. Being less than half an hour from Perth is an additional advantage for residents of Hillarys.
Housing stock rose to over 100 in the year to June 2019, and prices went up as well.