If you compare the increase in value of investment property in Orelia, 6167 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -12.83%.
While Orelia,6167 ranked number 425th in WA for increase in median house value (annualised) increase, it is ranked 403th over the last 5 years.
At number 49th of WA’s most discounted properties, Orelia is in the bottom 20% of the state/territory when listing in order of most discounted to least.
The WA suburb of Orelia, 6167 is in the Kwinana (C) local government area.
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The last time Orelia racked up double digit growth was in 2007 when it notched up a staggering 20% annual growth. Since then, it’s been mostly downhill for the suburb with the exception of 2010 when it recorded a modest 4% increase in median value according to Residex. However, there are now indications that the worst is over for the suburb.
Local agent Sam Winmar says Orelia has a good mix of older and newer properties that is beginning to attract first-time homebuyers and investors looking for some of the region’s best rental yields. This lower priced suburb became a much more viable to option to young professionals following the opening of the nearby Kwinana rail station, which will get commuters to the CBD in 30 minutes. The Kwinana government is investing heavily in local infrastructure, and work has already begun to improve the nearby major shopping centre.
Best Street(s): Nottingham Parkway has several stately homes and faces the wildflower reserve, yet is just a short walk to the new Kwinana rail station.