Padbury is an average performer in WA when comparing median price capital growth over the last year. Padbury gave property investors a average capital gain figure when compared to the rest of the state, with 13.27%.
Padbury,6025 has offered an average of 13.27% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Padbury are currently offering property investors an average price cut of -3.32% below the asking price at the moment.
Padbury, 6025’s gross rental yield is 3.97%
Padbury has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of 0.00% to date .
Over the longer term, Padbury has seen property prices show investors a 0.00% return over the last 3 years. This is the same as over the last 12 months
Padbury6025 is located in WA which offers an average discount of -2.40% to property investors. Padbury itself is showing figures that indicate 0.00% is the average achievable by property buyers investing in the suburb.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.35%, without taking into account capital value appreciation, which has been averaging out at 0.00%.
Information supplied by:
Davey Real Estate
0413 807 247
Property investors who have had real estate in Padbury, 6025 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.38%
The five-year average increase in median property values for Padbury,6025 has given property investors a potential capital gain of 11.11% across each of those five years.
Property buyers and investors in Padbury 6025 should be seeing an average reduction in asking price of around -3.52% . This means that Padbury is holding prices well when compared to other suburbs in WA.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 10.94%, investors should hope to achieve an overall return of 4.58%
The suburb was named in 1971 after the early settler Walter Padbury. Located within the City of Joondalup the suburb has 3383 dwellings of those 27% are currently rented. Just a 5 minute drive to Hillarys boat harbour the suburb enjoys a steady 5% growth in values each year and this is sure to continue well into the future with demand continually outstripping supply. Rental properties within the suburb are always in high demand with average rents achieving @$510.00 per week.
Selling points: Close to the Coast. Easy access to freeways and close to train lines major shops and Perth’s top education fascilities
Most sought after properties: 4 bedroom 2 bathroom homes are in highest demand.
Most common properties: 3 bedroom 1 bathroom homes are the most common properties
Top amenities: Education, Transport, Shops
Best streets: Walter Padbury Blvd.
Public transport: Close to all bus lines and Trains
Main arteries: Hepburn Avenue and the Mitchell Freeway