Property investors who have had real estate in Mount Lawley, 6050 should be ok with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.04%
If we look at median property appreciation over just the last three months, Mount Lawley has given property investors a paper return of 4.33%. This puts Suburb as 129 on a list of fastest fasting appreciating suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Mount Lawley is offering property investors an average of -5.19. This rate of discount on properties puts Suburb at number 120th in terms of most discounted suburbs in WA
On average over the past year, suburb has had 11.75 sales per month, which equates to 141 per year.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 0.78%, investors should hope to achieve an overall return of 2.79%
Property value increases in Mount Lawley have tracked close to the WA average of 1.85% over the last 12 months.
Mount Lawley,6050 was ranked 629 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Mount Lawley is offering property investors an average of -5.76. This rate of discount on properties puts Suburb at number 16th in terms of most discounted suburbs in WA
Property investors should expect to get $330 weekly from the median priced house in this suburb.
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Mount Lawley seems to be bucking the trend of Perth’s overall real estate market.
The inner-city suburb, which abuts the Swan River, has seen a dramatic drop in the amount of stock on market, which is currently down 24.7%.
Mount Lawley’s location is likely to be major factor in its growing popularity.
It is just 3km from the Perth CBD and surrounded by a number of Perth’s major amenities.
The suburb is home to the Edith Cowan University and Mount Lawley Senior High School. Mount Lawley Golf Course is on its northern perimeter, while nib Stadium is to the south.
The Mount Lawley railway station offers public transport links to the rest of Perth.
The suburb seems to be relatively popular with tenants, with its vacancy rate a respectable 3.4%, according to Real Estate Investar.