Warnbro, 6169 ranked 195th in WA when comparing growth in median property values or capital gain over the last 12 months. Warnbro is one of 1662 in our list for WA
While Warnbro,6169 ranked number 150th in WA for increase in median house value (annualised) increase, it is ranked 303th over the last 5 years.
Property investors looking for a bargain in Warnbro should be aiming for at least -8.55% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $320 mark per week – giving a return of 5.39% 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.