Coolbellup has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.24% to date .
Over the longer term, Coolbellup has seen property prices show investors a -19.17% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Coolbellup 6163 should be seeing an average reduction in asking price of around -7.37% . This means that Coolbellup is holding prices well when compared to other suburbs in WA.
On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 3.54%, without taking into account capital value appreciation, which has been averaging out at 1.73%.
Coolbellup is in the bottom 40% in WA when comparing median price capital growth over the last year. Coolbellup gave property investors a disappointing capital gain figure when compared to the rest of the state, with -6.39%.
When looking at the potential capital gains offered to property investors over the last 3 years, Coolbellup comes in at number 38th in WA.
Property investors looking for a bargain in Coolbellup should be aiming for at least -6.68% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Coolbellup have been waiting around 165.5 days to sell a property.
The WA suburb of Coolbellup, 6163 is in the Cockburn local government area.