Investment property in Serpentine 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 -6.47%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Serpentine has fallen somewhat when compared to the 5 year average annual rate.
Vendor discounting in Serpentine is giving property investors an average Vendor Discount of around -11.97%. This puts suburb at number 30th in WA when ranking the most discounted suburbs.
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
Property investors should expect to get $400 weekly from the median priced house in this suburb.