Success, 6164 ranked 323th 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
If we look at median property appreciation over just the last three months, Success has given property investors a paper return of 0.42%. This puts Suburb as 176 on a list of fastest fasting appreciating suburbs in WA
Success, 6164 is offering WA ‘s 184th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
Using the current median advertised rental of $425 and the average annual increase in value of a median property of 0.26%, investors should hope to achieve an overall return of 4.67%
Success is in the bottom 30% in WA when comparing median price capital growth over the last year. Success gave property investors a disappointing capital gain figure when compared to the rest of the state, with -14.96%.
Success,6164 was ranked 187 in Australia by increase in median property value over the quarter.
At number 69th of WA’s most discounted properties, Success is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Success, 6164’s gross rental yield is 6.16%
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.