If you compare the increase in value of investment property in Stoneville, 6081 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 5.88%.
Stoneville,6081 has offered an average of 5.88% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Stoneville, 6081. Typically our figures indicate that -2.96% is being offered, which puts this WA suburb at 2971th most discounted overall in Australia.
In the last year 37 properties changed hands in Stoneville, which puts it as the 274th most active market in WA when comparing the number of sales per suburb.
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.