If you compare the increase in value of investment property in Carlisle, 6101 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 2.62%.
While Carlisle,6101 ranked number 377th in WA for increase in median house value (annualised) increase, it is ranked 221th over the last 5 years.
At number 132th of WA’s most discounted properties, Carlisle is in the bottom 40% of the state/territory when listing in order of most discounted to least.
In the last year 92 properties changed hands in Carlisle, which puts it as the 113th most active market in WA when comparing the number of sales per suburb.
Investment property in Carlisle 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 -20.65%
Across a shorter period, Carlisle, 6101 has seen a median price increase of -0.68% over the last quarter.
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Located just 6km southeast of Perth, the suburb of Carlisle is becoming a hit with professionals and retirees.
According to Kim Findlay, director of Grange Realty Group, its proximity to train lines and the CBD makes it a desirable place to live.
“It’s almost an inner CBD extension,” he explains.
"There are a lot of professionals living here because Carlisle is close to the city. For the many students in the area, its proximity to universities is a factor. For retirees, the café strip lifestyle is attractive.”
Historically, Carlisle was dominated by tenants. “But it’s changing now,” says Findlay.
“A growing number of owner-occupiers are taking advantage of the affordable prices currently. There are fewer investors than before because Perth is experiencing a downturn at the moment, and rents have dropped. But I believe it’s just a phase,” he says.
The suburb enjoys a range of amenities, including a vibrant café strip and a sports stadium.
The West Coast Eagles is also relocating its sports club to Carlisle.
“Carlisle is going through a transformation at the moment,” says Findlay.
“The Victoria Park café strip is being redeveloped, and the Crown entertainment strip is being upgraded."
The best buys, according to Findlay, are threebedroom, two-bathroom houses.
“These homes are built on 1,000sq m pieces of land. Most blocks can accommodate about three properties each,” he says.