Giving property investors a a poor capital gain of -14.91% for the last year, Parkerville, 6081 is the 3758th highest performer in Australia in this respect.
Over the longer term, Parkerville has seen property prices show investors a -18.83% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Parkerville 6081 should be seeing an average reduction in asking price of around -5.87% . This means that Parkerville is holding prices well when compared to other suburbs in WA.
Often selling an investment property can take time, and in Parkerville the average time real estate has been on the market is 92.9444 days.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
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Poor state market begins to pull down growing suburb
Median house price: $590,000
Three-year growth: 7.37%
Rental yield: 3.97%
In the Shire of Mundaring, the suburb of Parkerville struggles to maintain its positive growth trend as the WA market continues to decline.
While house prices still jumped by 9.26% in the past year, they faltered in the May 2017 quarter by 5.6%, bringing the median value to $590,000. The average discount rate passed 7%, with properties spending quite a bit of time on the market, indicating that it has not been easy to sell in this area.
Nonetheless, families may be drawn by the presence of schools in the area, including Parkerville Primary School and Mundaring Christian College. Moreover, Jane Brook passes through Parkerville on its route to the Swan River, and the suburb is just minutes from John Forrest National Park. Perth is just roughly 45 minutes away via National Highway 94.