Capel

CAPEL, 6271 delivered a weaker 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 CAPEL, 6271 values up and netting property investors a capital gain of 14.52% for the past year.

Investors saw the median home price rise to $355,000.

Profits due to an upward trend in home prices in the suburb averaged 1.78% per annum over a 3-year period.

CAPEL now ranks at the 167th 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 CAPEL are high, as opposed to average gains per annum over the past five years.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CAPEL, homes and units usually stay on listing for an average of 58.6 days.

In 2016, 68 properties were sold in CAPEL during the past year, making it the 77th most active market in WA based on total real estate transactions.