Lancelin has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.35% to date .
The five-year average increase in median property values for Lancelin,6044 has given property investors a potential capital gain of -11.04% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Lancelin is offering property investors an average of -8.59. This rate of discount on properties puts Suburb at number 27th in terms of most discounted suburbs in WA
Often selling an investment property can take time, and in Lancelin the average time real estate has been on the market is 102 days.
Lancelin, 6044’s gross rental yield is 5.02%
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WA has seen average median house prices change by 5.14% which means that Lancelin, 6044 has done well for property investors by showing a capital gain of -10.98% over the last year.
Lancelin,6044 was ranked 2563 in Australia by increase in median property value over the quarter.
Property buyers and investors in Lancelin 6044 should be seeing an average reduction in asking price of around -19.00% . This means that Lancelin is holding prices well when compared to other suburbs in WA.
At number 1434 in a list of fastest selling suburbs, Lancelin is in the TOP 40% of suburbs in Australia with an average of days on market 92.27 for properties listed there.
Situated 114.79km from the CBD, Lancelin is one of Gingin localities in the postcode 6044.
Close to Perth
Most sought-after properties: Cross Section
Most common properties: Cross Section
Top amenities: Clubs, Hotels, Beach, Sand Dunes
Local industry and business: Fishing, Tourism, Windsurfing,
Recent changes: Completion of Indian Ocean Drive, linking all of Australia by a Coast Road.
Release new Estate, Lancelin South, beginning of a new Town/Suburb/Location
Best streets: Cunliffe
Main arteries: Indian Ocean Drive