At number 1839th in the list of Australian suburbs ordered by increase in median house value over the last year, Padbury, 6025 is in the top half with a property value increase of -0.79% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Padbury comes in at number 190th in WA.
Property investors looking for a bargain in Padbury should be aiming for at least -5.63% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Padbury the average time real estate has been on the market is 64.2479 days.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 1.52%, investors should hope to achieve an overall return of 4.12%
Information supplied by:
Davey Real Estate
0413 807 247
Property investors who have had real estate in Padbury, 6025 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.38%
The five-year average increase in median property values for Padbury,6025 has given property investors a potential capital gain of 11.11% across each of those five years.
Property buyers and investors in Padbury 6025 should be seeing an average reduction in asking price of around -3.52% . This means that Padbury is holding prices well when compared to other suburbs in WA.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 10.94%, investors should hope to achieve an overall return of 4.58%
The suburb was named in 1971 after the early settler Walter Padbury. Located within the City of Joondalup the suburb has 3383 dwellings of those 27% are currently rented. Just a 5 minute drive to Hillarys boat harbour the suburb enjoys a steady 5% growth in values each year and this is sure to continue well into the future with demand continually outstripping supply. Rental properties within the suburb are always in high demand with average rents achieving @$510.00 per week.
Selling points: Close to the Coast. Easy access to freeways and close to train lines major shops and Perth’s top education fascilities
Most sought after properties: 4 bedroom 2 bathroom homes are in highest demand.
Most common properties: 3 bedroom 1 bathroom homes are the most common properties
Top amenities: Education, Transport, Shops
Best streets: Walter Padbury Blvd.
Public transport: Close to all bus lines and Trains
Main arteries: Hepburn Avenue and the Mitchell Freeway