If you compare the increase in value of investment property in Cloverdale, 6105 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was -2.38%.
If we look at median property appreciation over just the last three months, Cloverdale has given property investors a paper return of -0.73%. This puts Suburb as 232 on a list of fastest fasting appreciating suburbs in WA
Vendor discounting in Cloverdale is giving property investors an average Vendor Discount of around -9.81%. This puts suburb at number 84th in WA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Cloverdale the average time real estate has been on the market is 65.5897 days.
Investment property in Cloverdale 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 -12.83%
If we look at median property appreciation over just the last three months, Cloverdale has given property investors a paper return of -2.77%. This puts Suburb as 68 on a list of fastest fasting appreciating suburbs in WA
With the median price for a house in Cloverdale being $312000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.00%
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.