Suburb Profile: Coolbellup real estate
Posted on 06/10/2014 by Andrew Johns
The quiet suburb of Coolbellup - or Coobie, as it's affectionately
known by the locals - is a leafy suburb with plenty of small parks
around the place; great for young families and retirees.
relatively quiet as there is no through traffic, but it has excellent
bus routes and close to the freeway and train station. The location is
fantastic - only about 5km to Fremantle, 2km to Murdoch University and
the brand new Fiona Stanley hospital, and a mere 15km from Perth CBD.
Coolbellup real estate is a popular choice for property investors in Perth - with houses averaging on an annual capital growth of 10.55 %.
Here are more information and statistics about Coolbellup real estate, sourced from Your Investment Property magazine:
real estate has had a a very good year for property investment returns
compared to the rest of WA - giving investors a capital gain of 13.23%
to date .
- If we look at median property appreciation over just
the last three months, Coolbellup real estate has given property
investors a paper return of 5.56%. This puts it in the Top 50 list of fastest appreciating suburbs in WA
investors looking for a bargain in Coolbellup should be aiming for at
least -3.18% off the asking price, which is the average vendor discount
being achieved at the moment.
- A $410 per week rent on
the median house gives suburb investors a gross yield of circa 4.49%,
without taking into account capital value appreciation, which has been
averaging out at 10.55%.
houses in Coolbellup has been performing very well for investors, the
units are less impressive with a capital gain of 1.17% for the last
- Our latest figures would indicate that property sellers in
Coolbellup are currently offering property investors an average price
cut of -6.16% below the asking price at the moment.
- Property investors should expect to get $387.5 weekly from the median priced house in this suburb.