Property value increases in Mount Lawley have tracked just higher than the WA average of -2.48% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mount Lawley has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Mount Lawley are currently offering property investors an average price cut of -6.68% below the asking price at the moment.
Using the current median advertised rental of $525 and the average annual increase in value of a median property of 2.00%, investors should hope to achieve an overall return of 2.87%
WA has seen average median house prices change by -5.72% which means that Mount Lawley, 6050 has not done well for property investors by showing a capital gain of -4.88% over the last year
The five-year average increase in median property values for Mount Lawley,6050 has given property investors a potential capital gain of -16.85% across each of those five years.
Property investors looking for a bargain in Mount Lawley should be aiming for at least -8.01% off the asking price, which is the average vendor discount being achieved at the moment.
The WA suburb of Mount Lawley, 6050 is in the Stirling (C) local government area.
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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.