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.
It is 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 %.
Coolbellup 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
Property 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%.
While 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 year.
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.