Property value increases in Mirrabooka have tracked higher than the WA average of 12.39% over the last 12 months.
Comparing Mirrabooka,6061 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
LACK OF BUYER INTEREST may well be the reason that Mirrabooka is offering property investors an average of -4.59. This rate of discount on properties puts Suburb at number 121th in terms of most discounted suburbs in WA
On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.
Information supplied by:
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.