Over the last year, property investments in Cloverdale, 6105 have given investors a capital gain of -1.67%. This compares averagely with the -2.74% for WA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Cloverdale comes in at number 293th in WA.
Property investors looking for a bargain in Cloverdale should be aiming for at least -10.16% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Cloverdale being $411000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.43%
WA has seen average median house prices change by -6.57% which means that Cloverdale, 6105 has not done well for property investors by showing a capital gain of -11.76% over the last year
Cloverdale,6105 has offered an average of -11.76% return per annum in house price rises to property investors over the last three years.
Cloverdale, 6105’s gross rental yield is 5.37%
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Housing supply drops
Median house price: $416,500
Stock on market: -17.9%
12-month growth: -3.1%
Just a stone’s throw from Perth Airport is the suburb of Cloverdale, a primarily residential pocket that attracts families and working professionals who favour its strategic location.
Housing stock fell sharply from 91 in February 2018 to 80 a year later, whereas units dropped from 26 to 16. With the suburb starting to gain some ground again in terms of growth, the limited supply could help foster demand.
The suburb’s commercial centre can be found at the western end. The shopping centre Belmont Forum holds court here, with over a hundred stores. Belmont Village is a smaller venue that contains Belmont Tavern and a cinema. There are a few primary schools here, including Cloverdale Primary, Notre Dame Primary and Belmay Primary. Just northwest of Cloverdale is Belmont City College.
Quite a few streets connect Cloverdale to Perth, such as Leach Highway and Abernathy Road.a