Over the last year, property investments in Two Rocks, 6037 have given investors a capital gain of -1.95%. This compares averagely with the -2.74% for WA as a whole.
Comparing Two Rocks,6037 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.58% offered to property buyers. Sellers in Two Rocks itself are offering an average vendor discount of -10.27% to real estate investors.
Residents and property investors in Two Rocks have been waiting around 123.697 days to sell a property.
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House stock takes a fall
Median house price: $385,000
Stock on market: -43.6%
12-month growth: 6.9%
Named for the two rocks that are located offshore from Wreck Point, the suburb of Two Rocks is one of the few suburbs to see some positivity in the midst of Western Australia’s difficult market. It is situated on the outskirts of Perth, which is accessible by taking the 490 bus from Butler Railway Station.
While much of the state is facing a state of oversupply and high vacancy rates, Two Rocks saw housing supply plummet from 148 in November 2016 to only 84 in the following year, representing a fall of 43.6%. This has caused the average vacancy rate to nosedive from 4.6% to just 2.8%.
Houses in Two Rocks are very affordable at a median price of $385,000, despite an increase of 6.9% in values.