Girrawheen is in the bottom 20% in WA when comparing median price capital growth over the last year. Girrawheen gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.73%.
If we look at median property appreciation over just the last three months, Girrawheen has given property investors a paper return of -1.42%. This puts Suburb as 316 on a list of fastest fasting appreciating suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Girrawheen is offering property investors an average of -7.91. This rate of discount on properties puts Suburb at number 67th in terms of most discounted suburbs in WA
Information supplied by:
Decline slows in education centre
Median unit price: $285,000
Three-year growth: -9.5%
Rental yield: 5.3%
As Perth prepares to bottom out in the next couple of years, the suburb of Girrawheen may be ahead of the curve as apartment prices begin pushing up following a down period.
While Girrawheen still reported a decline of 3.4% in the past 12 months leading up to July 2017, the trend has since slowed further to just 0.7% in the June 2017 quarter. The suburb’s convenient location may be a reason why – Girrawheen is less than 30 minutes from the Perth CBD by car, and it is within the Swan educational district. Thus, residents have access to several state primary and secondary schools, as well as private institutions.
Shopping is easy as well, with the presence of the Newpark and Summerfield shopping centres. The Square Mirrabooka is nearby as well.