Investment property in Stoneville has done 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 -6.02%
Over the longer term, Stoneville has seen property prices show investors a -0.25% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Stoneville should be aiming for at least -6.32% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2855 in a list of fastest selling suburbs, Stoneville is in the bottom 30% of suburbs in Australia with an average of days on market 99 for properties listed there.
Situated 30.99km from the CBD, Stoneville is one of Mundaring localities in the postcode 6081.
Named for the Chief Justice of Western Australia in 1905, the suburb of Stoneville is located just west of Mundaring. It has had a bumpy road in terms of recent growth.Full summary
Information supplied by:
Perth suburb seesaws
Median house price: $546,000
Three-year growth: -8.85%
Rental yield: 4.00%
Named for the Chief Justice of Western Australia in 1905, the suburb of Stoneville is located just west of Mundaring. It has had a bumpy road in terms of recent growth.
Stoneville showed positive growth in the past year and five years ago, but declined three years previously as well as in the January 2017 quarter. The median house price is just under $550,000, with investors able to gain 4% yield in rents. Despite Perth’s current decline, Stoneville continues to attract occupants, as the average vacancy rate fell from an already-low 0.48% to just 0.24%.
The suburb sits less than an hour east from Perth, and bus services are provided to Midland train station. There is a grocery store and a shopping centre. Nearby Mundaring is home to a primary school.Close