Gwelup

GWELUP, 6018 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling GWELUP, 6018 values up and netting property investors a capital gain of 28.37% for the past year.

Investors saw the median home price rise to $1,000,000.

Profits due to an upward trend in home prices in the suburb averaged 8.27% per annum over a 3-year period.

GWELUP now ranks at the 47th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in GWELUP are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $750 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GWELUP, homes and units usually stay on listing for an average of 17.0 days.

In 2016, 76 properties were sold in GWELUP during the past year, making it the 55th most active market in WA based on total real estate transactions.