Mirrabooka, 6061 ranked 231th in WA when comparing growth in median property values or capital gain over the last 12 months. Mirrabooka is one of 1662 in our list for WA
Comparing Mirrabooka,6061 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Mirrabooka6061 is located in WA which offers an average discount of -8.58% to property investors. Mirrabooka itself is showing figures that indicate -8.19% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $330 mark per week – giving a return of 5.48% based on the median price in Suburb
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Mirrabooka lies 10km north of the Perth CBD, and offers affordable housing with good amenity. It’s a multicultural suburb with a large proportion of young families.
While accessibility isn’t its strongest point – the nearest train stations are around 6km away, in Hamersley and Bayswater – road access is very good, with the Mirrabooka Bus station acting as a hub for public transport in the area. The Reid Highway running east to west also connects Mirrabooka with the Mitchell Freeway to the city and the Tonkin Highway to Perth airport.
The majority of amenities are concentrated south of the Reid Highway, with the local Osborne Clinic and Mirrabooka shopping centre offers both local amenities and employment. There are several schools in the suburb, and further amenities are available in nearby Malaga.
The suburb has expanded in recent years due to the subdivision of bushland, and the median house price is very affordable. Rental yields are solid and vacancy rates are very low.
Recovering market conditions and affordability pressures will be two of the main drivers behind capital growth in this market.