Applecross has had a very poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -10.76% to date .
Comparing Applecross,6153 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Applecross6153 is located in WA which offers an average discount of -8.58% to property investors. Applecross itself is showing figures that indicate -6.86% is the average achievable by property buyers investing in the suburb.
At number 1790 in a list of fastest selling suburbs, Applecross is just in the top half of suburbs in Australia with an average of days on market 76.6964 for properties listed there.
The WA suburb of Applecross, 6153 is in the Melville (C) local government area.
WA has seen average median house prices change by -6.57% which means that Applecross, 6153 has not done well for property investors by showing a capital gain of 2.44% over the last year
Taking the average capital gain, or increase in median house value, Applecross,6153 has racked up an average of 2.44% over the period. This ranks it number 680th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Applecross are currently offering property investors an average price cut of -10.14% below the asking price at the moment.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 3.89%, investors should hope to achieve an overall return of 2.80%