Over the last year, property investments in Cloverdale, 6105 have given investors a capital gain of -2.38%. This compares averagely with the -1.67% for WA as a whole.
If we look at median property appreciation over just the last three months, Cloverdale has given property investors a paper return of -1.20%. This puts Suburb as 268 on a list of fastest fasting appreciating suburbs in WA
Our latest figures would indicate that property sellers in Cloverdale are currently offering property investors an average price cut of -10.16% below the asking price at the moment.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
Giving property investors a a poor capital gain of -10.96% for the last year, Cloverdale, 6105 is the 1344th highest performer in Australia in this respect.
While Cloverdale,6105 ranked number 67th in WA for increase in median house value (annualised) increase, it is ranked 76th over the last 5 years.
Advertised rents are around the $310 mark per week – giving a return of 4.96% based on the median price in Suburb
WA has seen average median house prices change by 5.90% which means that Cloverdale, 6105 has done well for property investors by showing a capital gain of 17.22% over the last year.
Information supplied by:
Welsh Real Estate
A 18.79% growth in median value for property investors in Cloverdale,6105 puts this suburb at number 60th in terms of best performing suburbs in WA.
Our latest figures would indicate that property sellers in Cloverdale are currently offering property investors an average price cut of -3.91% below the asking price at the moment.
Using the current median advertised rental of $417.5 and the average annual increase in value of a median property of 11.17%, investors should hope to achieve an overall return of 4.43%
Selling points: Cloverdale is located approximately 7kms from the centre of Perth and 3kms from Perth International airport.
Most sought-after properties: Properties with development potential are still sought after and as re-development escalates they become fewer and fewer
Most common properties: There is a mixture of Villa-Townhouse complexes as well as new homes on small to medium blocks and the the larger development sites with older style homes.
Top amenities: The Belmont forum is located in Cloverdale. The swan river and airport are nearby as are Ascot and Belmont racetracks for horse racing.
Local industry and business: Local business comprises retail in the Belmont forum, a little light industrial as well as many commercial businesses.
Recent changes: Widening of the Great Eastern Highway has been beneficial for the area and Town Planning Scheme 15 has introduced Apartment complex dwellings on sites that previously were not commercially viable to undertake such construction.
Best streets: Robinson Avenue, Gild Street, Belinda Avenue, Moraga crescent
Public transport: Bus routes are plentiful, rail not far away and light rail possibly coming
Main arteries: Abernethy Road and Wright Street are the two main arteries.