Padbury has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.67% to date .
Taking the average capital gain, or increase in median house value, Padbury,6025 has racked up an average of -4.67% over the period. This ranks it number 3713th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Padbury is giving property investors an average Vendor Discount of around -3.68%. This puts suburb at number 412th in WA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Padbury the average time real estate has been on the market is 49.08 days.
A $365 per week rent on the median house gives suburb investors a gross yield of circa 3.72%, without taking into account capital value appreciation, which has been averaging out at 1.29%.
Information supplied by:
Darren Haseldine
Davey Real Estate
M
9402 4255
O
0413 807 247
W
www.daveyrealestate.com.au
E
darrenh@daveyre.com.au
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%Full summary
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
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