The Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
Property investors enjoyed capital gains of 7.58% over the last 12 months in SEVILLE GROVE, translating to lower returns compared with its peers in WA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 0.85% growth over a ten-year period. It ranks 4396th on our list of suburbs that property investors should look into.
SEVILLE GROVE, 6112 has a capital gain of 7.58% for the past year, which is higher than average compared to its 0% growth within a five-year period.
With the median home price in SEVILLE GROVE sitting at $355,000, and the average rent at $400, property owners could potentially earn a 5.86% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SEVILLE GROVE are high, as opposed to average gains per annum over the past five years.
SEVILLE GROVE, 6112 in WA belongs to the local government area of Armadale (C).
Seville Grove is a suburb in Perth, Western Australia, that is surrounded by the suburbs of Champion Lakes, Haynes, Armadale and Camillo. It is covered by the local government area of the City of Armadale. Formerly under Armadale, the suburb was gazetted in 2002. This explains the new housing developments present in the area, as it is still an emergent neighbourhood.
Seville Grove’s landscape is a combination of flat and hilly reserves and open spaces as well as thickets and pockets of forests. The estates are a different story though, with residential blocks calling to mind Florida's tropical scenery and brick bungalows.
Facilities in Seville Grove
Seville Grove is home to a library, several primary and secondary schools, and recreational facilities. Transport links are sufficient and the suburb lies in the route of a number of busways and within the Sherwood train line. Being close to Perth’s city centre is also one of its advantages, which provides it access to world-class shopping and medical centres.
In terms of technology infrastructure, Seville Grove is well-connected and is part of the National Broadband Network. It is among the most affordable property destinations belonging to this network.
Current suburb listings
Though demand is quite low in Seville Grove compared with other West Australian suburbs, Seville Grove is slowly gaining popularity among people from out of town. Seville Grove’s portfolio include housing and land packages and new developments in both mature and nascent communities.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.58%||N/A|
|Median 3 years||18.33%||N/A|
|Median 5 years||0%||N/A|
|10 years average annual||0.85%||N/A|
|Weekly media advert. rent||$400||N/A|
|Time on Market||27.9 days||N/A|
|Gross Rental Yield Percent||5.86%||N/A|