Giving property investors a an unimpressive capital gain of -6.38% for the last year, Madeley, 6065 is the 2850th highest performer in Australia in this respect.
Over the longer term, Madeley has seen property prices show investors a -5.17% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Madeley should be aiming for at least -7.31% off the asking price, which is the average vendor discount being achieved at the moment.
Madeley, 6065’s gross rental yield is 3.97%
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Around 20km to the north of Perth’s CBD, Madeley has proved to be one of the stronger performers in the Western Australia capital over recent years.
The median house price in Madeley currently sits at $660,000, after a solid five-year period that has seen it increase by 22%.
As a result, houses in the suburb have proved to be a relatively hot commodity, with 97 selling in the past 12 months.
They are staying on the market for an average of 83 days however, which means vendors are willing to offer discounts of 5% to help see sales through.
The median weekly rent in Madeley of $480 means landlords are currently seeing rental yields of 4%.
Landlords are unlikely to have too much trouble finding a tenant, with Real Estate Investar putting the suburb’s current vacancy rate at 1.54%.