If you compare the increase in value of investment property in Clarkson, 6030 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -4.47%.
When looking at the potential capital gains offered to property investors over the last 3 years, Clarkson comes in at number 332th in WA.
Property investors looking for a bargain in Clarkson should be aiming for at least -8.21% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of -0.49%, investors should hope to achieve an overall return of 5.16%
Clarkson is an average performer in WA when comparing median price capital growth over the last year. Clarkson gave property investors a average capital gain figure when compared to the rest of the state, with -8.46%.
Comparing Clarkson,6030 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
In the last year 12 properties changed hands in Clarkson, which puts it as the 104th most active market in WA when comparing the number of sales per suburb.
With the median price for a house in Clarkson being $276000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.84%
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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.