PROPERTY INVESTMENT

Perth’s Highest Yielding Suburbs for Inner City Unit Investments

February 3 2014
Development unit

Perth’s Highest Yielding Suburbs for Inner City Unit Investments.

Perth, Western Australia– Perth’s highest returns for rental investments & developments for inner-city suburbs have been revealed by data from property data firm RP Data.

The data indicates there are some major investment bargains to be had by intelligent property developers and investors in Perth in 2014. The data is collated to the second financial quarter of 2013-2014. The data reveals strong yields for unit investments and housing investments in a number of undervalued Perth suburbs close to the CBD.

According to the data, the following areas attract the highest median yields for unit investments and property developments, in the inner-suburbs or Perth:

Perth City takes the top spot, with unit investments in the city region seeing yields of 6.4%, on nearly equal par with Bayswater, where units fetch returns of about $350 per week for a $284,000 investment.

Wembley, Osbourne Park and Glendalough present investors and developers with a “sweet spot” area for unit investment just north of the Perth CBD. Unit prices in Wembley come in at just over $296,000 with yields of 6.3% or a mean rental expectancy of $360. Next door neighbours, Osbourne Park and Glendalough, attract rental yields of 6.2% and 6.1% respectively.

Another high yielding cluster of suburbs sits just to the south-east of the Perth CBD, across the Swan River to Bentley, Ascot and Victoria Park. Unit investments in this area are yielding from about 5.6% – 6% per year.

Inglewood to the north of Perth also presents a unique opportunity, as does West Perth in the Perth CBD confines.

Top Perth Suburbs for Unit Development and Investments: 

1. Perth City

Median Sale Price: $520,000
Median Rent Returns: $640 per week
Gross Rental Yield: 6.4%

2. Bayswater

Median Sale Price: $284,500
Median Rent Returns: $350
Gross Rental Yield: 6.4%

3. Wembley

Median Sale Price: $296,250
Median Rent Returns: $360
Gross Rental Yield: 6.3%

4. Osborne Park

Median Sale Price: $310,000
Median Rent Returns: $370
Gross Rental Yield: 6.2%

5. Glendalough

Median Sale Price: $316,500
Median Rent Returns: $370
Gross Rental Yield: 6.1%

6. Ascot

Median Sale Price: $462,500
Median Rent Returns: $530
Gross Rental Yield: 6.0%

7. West Perth 

Median Sale Price: $525,000
Median Rent Returns: $590
Gross Rental Yield: 5.8%

8. Victoria Park 

Median Sale Price: $368,000
Median Rent Returns:$400
Gross Rental Yield: 5.7%

9. Bentley

Median Sale Price: $415,000
Median Rent Returns: $450
Gross Rental Yield: 5.6%

10. Inglewood 

Median Sale Price: $362,500
Median Rent Returns: $390
Gross Rental Yield: 5.6%

*RP Data based these rental yields on annualised median rental rates divided by median selling prices as at September 2013.

Are you interested in investing in a property development?

Ventura iD are Perth’s only dedicated property development and investment brand.

Develop units on land in Perth for strong short, medium and long-term capital growth or for excellent rental yields. Talk to Ventura iD for more information and a free consultation.

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