With a capital gain of 9.61% for the last 12 months, Mount Richon, 6112 has performed for property investments than its average annual -0.12% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Mount Richon has given property investors a paper return of 4.09%. This puts Suburb as 53 on a list of fastest fasting appreciating suburbs in WA
Our latest figures would indicate that property sellers in Mount Richon are currently offering property investors an average price cut of -7.96% below the asking price at the moment.
Often selling an investment property can take time, and in Mount Richon the average time real estate has been on the market is 97 days.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of -0.12%, investors should hope to achieve an overall return of 4.21%