Property investors who have had real estate in Hillarys, 6025 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.66%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hillarys has fallen somewhat when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hillarys, 6025. Typically our figures indicate that -6.00% is being offered, which puts this WA suburb at 2013th most discounted overall in Australia.
On average over the past year, suburb has had 11.50 sales per month, which equates to 138 per year.
Hillarys has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -15.79% to date .
Hillarys,6025 was ranked 1504 in Australia by increase in median property value over the quarter.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 0.86%, investors should hope to achieve an overall return of 4.66%
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.