Cloverdale is an average performer in WA when comparing median price capital growth over the last year. Cloverdale gave property investors a average capital gain figure when compared to the rest of the state, with -1.22%.
When looking at the potential capital gains offered to property investors over the last 3 years, Cloverdale comes in at number 294th in WA.
Cloverdale6105 is located in WA which offers an average discount of -7.91% to property investors. Cloverdale itself is showing figures that indicate -7.41% is the average achievable by property buyers investing in the suburb.
At number 1127 in a list of fastest selling suburbs, Cloverdale is in the TOP 40% of suburbs in Australia with an average of days on market 63.5747 for properties listed there.
With a capital gain of -18.46% for the last 12 months, Cloverdale, 6105 has performed for property investments than its average annual -6.34% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Cloverdale comes in at number 87th in WA.
Using the current median advertised rental of $322.5 and the average annual increase in value of a median property of -6.34%, investors should hope to achieve an overall return of 6.33%
Information supplied by:
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