At number 1816th in the list of Australian suburbs ordered by increase in median house value over the last year, Alfred Cove, 6154 is in the top half with a property value increase of -0.07% recorded in median house prices.
Alfred Cove,6154 has offered an average of -0.07% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Alfred Cove 6154 should be seeing an average reduction in asking price of around -5.87% . This means that Alfred Cove is holding prices well when compared to other suburbs in WA.
A $477.5 per week rent on the median house gives suburb investors a gross yield of circa 3.31%, without taking into account capital value appreciation, which has been averaging out at 2.32%.
With a capital gain of -2.38% for the last 12 months, Alfred Cove, 6154 has performed for property investments than its average annual -2.38% property growth over the last 5 years.
While Alfred Cove,6154 ranked number 33th in WA for increase in median house value (annualised) increase, it is ranked 103th over the last 5 years.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of -2.38%, investors should hope to achieve an overall return of 5.20%