Parkerville has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 1.46% to date .
Parkerville,6081 was ranked 81 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -7.91% to buyers in Parkerville at the moment, which is less than average for the rest of WA.
Using the current median advertised rental of $455 and the average annual increase in value of a median property of -0.47%, investors should hope to achieve an overall return of 4.25%
Information supplied by:
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.