Over the last year, property investments in Ridgewood, 6030 have given investors a capital gain of -9.76%. This compares very badly with the -2.50% for WA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ridgewood has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Ridgewood should be aiming for at least -8.16% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $330 mark per week – giving a return of 4.64% based on the median price in Suburb