Property value increases in Stoneville have tracked just higher than the WA average of -1.75% over the last 12 months.
Comparing Stoneville,6081 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.09% offered to property buyers. Sellers in Stoneville itself are offering an average vendor discount of -5.11% to real estate investors.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.34%, without taking into account capital value appreciation, which has been averaging out at 1.84%.
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