If you compare the increase in value of investment property in Connolly, 6027 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was 4.10%.
Across a shorter period, Connolly, 6027 has seen a median price increase of -0.56% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Connolly is offering property investors an average of -8.07. This rate of discount on properties puts Suburb at number 383th in terms of most discounted suburbs in WA
On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.
Using the current median advertised rental of $467.5 and the average annual increase in value of a median property of 0.69%, investors should hope to achieve an overall return of 3.65%