WA has seen average median house prices change by -1.78% which means that Eden Hill, 6054 has not done well for property investors by showing a capital gain of 2.63% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Eden Hill comes in at number 266th in WA.
LACK OF BUYER INTEREST may well be the reason that Eden Hill is offering property investors an average of -7.91. This rate of discount on properties puts Suburb at number 53th in terms of most discounted suburbs in WA
Residents and property investors in Eden Hill have been waiting around 85.8333 days to sell a property.
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
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Located 11km from the Perth CBD, Eden Hill is an underrated suburb with good potential.
The suburb is a magnet for professionals and families thanks to its desirable amenities and proximity to the Perth CBD.
There are four parks in the 3sqm suburb, which has about 3,509 residents.
Eden Hill is well established and enjoys wide, leafy and quiet streets.
It’s currently undergoing gentrification as more young families are attracted to the affordable homes on large blocks of land. It has largely defied the overall slowdown in the Perth market.
Prices have been growing strongly since 2012 when median house values surged by a total of $68,500, or 15.73%.
There are a wide range of properties in the suburb and a good mix of old cottages, 1950s brick-and-tile houses and newer builds.
The suburb is also in high demand among renters, and so the vacancy rate is quite low at 1.04%.
Unlike some areas of Perth, Eden Hill is experiencing very low levels of housing supply.
During the past 12 months, properties listed for sale plunged by 58.7%, according to RealEstateInvestar.com.au.
The cheapest streets for buying a home are around Padbury Way, Wendlebury Way, Lord Street and May Road, according to OnTheHouse.com.au.