Property investors who have had real estate in Balcatta, 6021 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.84%
A 1.03% growth in median value for property investors in Balcatta,6021 puts this suburb at number 268th in terms of best performing suburbs in WA
Sellers are offering property buyers an average discount of -6.84% to buyers in Balcatta at the moment, which is less than average for the rest of WA.
Advertised rents are around the $360 mark per week – giving a return of 3.82% based on the median price in Suburb
Over the last year, property investments in Balcatta, 6021 have given investors a capital gain of -12.47%. This compares badly with the -4.86% for WA as a whole.
Over the longer term, Balcatta has seen property prices show investors a -16.86% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Balcatta 6021 should be seeing an average reduction in asking price of around -8.00% . This means that Balcatta is holding prices well when compared to other suburbs in WA.
Often selling an investment property can take time, and in Balcatta the average time real estate has been on the market is 112.37 days.