WA has seen average median house prices change by -2.74% which means that Shelley, 6148 has not done well for property investors by showing a capital gain of -3.43% over the last year
Across a shorter period, Shelley, 6148 has seen a median price increase of -4.12% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Shelley is offering property investors an average of -8.58. This rate of discount on properties puts Suburb at number 171th in terms of most discounted suburbs in WA
A $395 per week rent on the median house gives suburb investors a gross yield of circa 2.21%, without taking into account capital value appreciation, which has been averaging out at 6.39%.
With the median price for a house in Shelley being $412500 and the advertised rent reaching $372.5 the gross rental yield for property investors calculates out to be 4.70%