If you compare the increase in value of investment property in Wandi, 6167 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -5.54%.
When looking at the potential capital gains offered to property investors over the last 3 years, Wandi comes in at number 217th in WA.
At number 88th of WA’s most discounted properties, Wandi is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Information supplied by:
Supply of houses drops with prices
Median house price: $512,500
Stock on market: -36.7%
12-month growth: -6.0%
With WA still in the throes of its downturn period, Wandi is one of the suburbs suffering as a result, with house values falling over the last three years.
The number of houses listed on the market has also dropped by over 50 properties. With the suburb being located just over half an hour’s drive from the Perth CBD, its affordability could help stir up some demand once the state’s economic troubles settle.
Wandi is a fairly new suburb, having been gazetted in 1978. It is primarily composed of bushland, and it is part of the Jandakot Regional Park. Public transport is not offered here, but Kwinana Freeway forms the western boundary of the suburb, and is one of the routes commuters can take to the city.