Two Rocks, 6037 ranked 363th in WA when comparing growth in median property values or capital gain over the last 12 months. Two Rocks is one of 1662 in our list for WA
While Two Rocks,6037 ranked number 407th in WA for increase in median house value (annualised) increase, it is ranked 136th over the last 5 years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.59% offered to property buyers. Sellers in Two Rocks itself are offering an average vendor discount of -3.85% to real estate investors.
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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.