Property value increases in Success have tracked just lower than the WA average of -2.74% over the last 12 months.
Taking the average capital gain, or increase in median house value, Success,6164 has racked up an average of -8.04% over the period. This ranks it number 3599th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Success should be aiming for at least -8.04% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 8.83 sales per month, which equates to 106 per year.
The WA suburb of Success, 6164 is in the Cockburn (C) local government area.
Success, 6164 ranked 96th in WA when comparing growth in median property values or capital gain over the last 12 months. Success is one of 1662 in our list for WA
Success,6164 was ranked 1490 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
Renters in Suburb are facing rents around $15600 per annum or $300 every week.
Information supplied by:
First National Real Estate Tully
0403 789 004
Success is a modern, well-appointed suburb with lots of parks, good schools and easy access to all major transport routes.
Investment property in Suburb has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.19%.
A 10.99% growth in median value for property investors in Success,6164 puts this suburb at number 147th in terms of best performing suburbs in WA.
The most recent median price for Success is $515000, with sellers offering an average of -3.90% off the asking price.
Often selling an investment property can take time, and in Success the average time real estate has been on the market is 53.72 days.
Advertised rents are around the $490 mark per week – giving a return of 4.95% based on the median price in Suburb.
Selling points: Close to transport, schools, shops and all major amenities.
Most sought after properties: 4 Bedroom 2 Bathroom Family homes on 550sqm+ blocks.
Most common properties: 4 Bedroom 2 Bathroom homes on 400 – 500sqm blocks.
Top amenities: Cockburn Gateways Shopping Centre, Cockburn Central Train Station and Success recreational facility.
Local industry and business: Most of the industry and business in the suburb is retail.
Recent changes: Upgrades to Cockburn Gateways plus the addition of a Medical Centre.
Best streets: The most sought after streets are generally quiet cul de sacs away from main roads. The Beronia Estate is very popular offering a lovely parkland vista and the most modern sub-division in Success.
Public transport: A number of bus services that al lead to the Cockburn Central Train Station and the soon to be built Aubin Grove Train Station (Due for Completion in 2016 Russell Road)
Main arteries: Wentworth Parade and Hammond Road provide access to Russell Road and Beeliar Drive providing easy access to the freeway north or south.