If you compare the increase in value of investment property in Clarkson, 6030 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 1.39%.
If we look at median property appreciation over just the last three months, Clarkson has given property investors a paper return of 3.55%. This puts Suburb as 70 on a list of fastest fasting appreciating suburbs in WA
Property investors looking for a bargain in Clarkson should be aiming for at least -8.51% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $350 mark per week – giving a return of 4.99% based on the median price in Suburb
Property value increases in Clarkson have tracked just lower than the WA average of -5.92% over the last 12 months.
A -31.85% growth in median value for property investors in Clarkson,6030 puts this suburb at number 89th in terms of best performing suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Clarkson is offering property investors an average of -9.28. This rate of discount on properties puts Suburb at number 48th in terms of most discounted suburbs in WA
Clarkson is 34th on a list of best yielding suburbs for rents in WA with a 6.00% return
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Selling points: Clarkson is the sleeping giant of the northern suburbs, just only 30 minutes from the Perth CBD. Properties are young and have fantastic depreciation value. Infrastructure is coming along and Clarkson has its own station on the northern train line that provides easy access to the Joondalup Shopping District and Perth CBD. It is a five-minute drive to the local beaches and Mindarie Marina. Even in challenging times Clarkson has always experienced higher numbers of sales than neighbouring suburbs.
Most sought after properties: Three and four-bedroom homes up to $350,000 have good rental returns. Four-bedroom homes in the Somerly area priced between $400,000 and $500,000 also sell well. Apartments near the train station up to $320,000 in price are very attractive to investors.
Most common properties: Has a good cross section of homes but characterised mainly by four-bedroom, two-bathroom houses.
Top amenities: The Ocean Keys Commercial Shopping District, local tavern and restaurants have created a cosmopolitan lifestyle for residents of Clarkson. The suburb has several schools and is close to the beach.
Local industry and business: Most residents commute to the city or are self-employed tradespeople. However, many work in the Ocean Keys Shopping Centre precinct also.
Recent changes: The launch of the Somerly Estate around the 2004-05 period created an area that residents aspired to live in.
Best streets: The Somerly Estate, Observatory Drive and surrounding streets are elevated, which attract higher sales prices. These areas generally only get local traffic too.
Public transport: The northern train line ends in Clarkson, which is also serviced by buses going through the suburb to the station. Traffic congestion should ease in the coming years thanks to a planned extension.
Main arteries: The much anticipated extension of the Mitchell Freeway into Clarkson should add to the value of investments in the area.