Eden Hill has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -7.96% to date .
Across a shorter period, Eden Hill, 6054 has seen a median price increase of -3.11% over the last quarter.
Eden Hill, 6054 is offering WA ‘s 141th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this WA.
Often selling an investment property can take time, and in Eden Hill the average time real estate has been on the market is 94.65 days.
Advertised rents are around the $332.5 mark per week – giving a return of 4.43% based on the median price in Suburb
Located 11km from the Perth CBD, Eden Hill is an underrated suburb with good potential.Full summary
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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.