Investment property in Warnbro has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.76%
Warnbro,6169 has offered an average of -4.76% return per annum in house price rises to property investors over the last three years.
The most recent median price for Warnbro is $300000, with sellers offering an average of -6.84% off the asking price.
At number 2609 in a list of fastest selling suburbs, Warnbro is in the bottom 30% of suburbs in Australia with an average of days on market 92.981 for properties listed there.
Advertised rents are around the $325 mark per week – giving a return of 5.63% based on the median price in Suburb
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Warnbro is one of the few Perth suburbs where it is still possible to get an ocean side house for around $300,000. This, coupled with its easy access to the CBD, good schools, roads and other amenities, should see demand pick up.
“It’s probably about time for Warnbro to start growing again,” says Liz Sterzel, Property Wizards buyer’s agent. “It has got a lot to offer families who value lifestyle choices. It is easy to get to Perth, but there are also plenty of employment opportunities in the area and it’s a nice coastal suburb.”
Sterzel expects modest price increases in the short term, but says that in the longer term it could be a strong place for buying and holding. As part of Rockingham Shire, the area has plenty of schools, roads and other amenities and offers good family homes. Shopping centres abound and Warnbro Sound, the suburb’s beach, is one of Perth most beautiful.
Best street(s): Cannes Place: a quiet Cul de saq close to the beach and train station.