With a capital gain of -1.20% for the last 12 months, Alexander Heights, 6064 has performed for property investments than its average annual -0.24% property growth over the last 5 years.
Alexander Heights,6064 was ranked 2513 in Australia by increase in median property value over the quarter.
Property buyers and investors in Alexander Heights 6064 should be seeing an average reduction in asking price of around -7.70% . This means that Alexander Heights is holding prices well when compared to other suburbs in WA.
With the median price for a house in Alexander Heights being $410000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 5.07%
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Property value increases in Alexander Heights have tracked just higher than the WA average of 5.14% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Alexander Heights has increased when compared to the 5 year average annual rate.
The most recent median price for Alexander Heights is $450000, with sellers offering an average of -5.75% off the asking price.
The WA suburb of Alexander Heights, 6064 is in the Wanneroo local government area.
Selling points: 8.4% growth in the last 12 months
Most sought-after properties: House
Most common properties: House
Top amenities: Alinjarra Primary School, Alexander Heights Shopping Centre & Community Centre
Local industry and business: Located 15km from Perth GPO. Short drive to industrial areas in both Malaga & Wangara
Recent changes: Originally named "Alinjarra", an Aboriginal word for 'north' in 1977, this suburb was renamed Alexander Heights in 1987. The name is derived from Alexander Drive, the main arterial road into the area.
Best streets: Azelia Street & Highview Street
Public transport: Local bus service
Main arteries: Alexander Drive, Hepburn Avenue, Mirrabooka Avenue & Marangaroo Drive