If you compare the increase in value of investment property in Mirrabooka, 6061 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -3.58%.
If we look at median property appreciation over just the last three months, Mirrabooka has given property investors a paper return of -0.16%. This puts Suburb as 248 on a list of fastest fasting appreciating suburbs in WA
Mirrabooka, 6061 is offering WA ‘s 275th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this WA.
Situated 10.81km from the CBD, Mirrabooka is one of Stirling (C) localities in the postcode 6061.
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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.