Property investors who have had real estate in Wandi, 6167 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.74%
Taking the average capital gain, or increase in median house value, Wandi,6167 has racked up an average of -7.74% over the period. This ranks it number 3925th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Wandi should be aiming for at least -7.85% off the asking price, which is the average vendor discount being achieved at the moment.
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.