Investment property in Girrawheen has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.94%
Over the longer term, Girrawheen has seen property prices show investors a -22.67% return over the last 3 years. This is an improvement over the last 12 months
Girrawheen6064 is located in WA which offers an average discount of -8.58% to property investors. Girrawheen itself is showing figures that indicate -10.86% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
WA has seen average median house prices change by -6.57% which means that Girrawheen, 6064 has not done well for property investors by showing a capital gain of -15.76% over the last year
Girrawheen,6064 was ranked 1168 in Australia by increase in median property value over the quarter.
Vendor discounting in Girrawheen is giving property investors an average Vendor Discount of around -14.30%. This puts suburb at number 2nd in WA when ranking the most discounted suburbs.
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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.