With a capital gain of -9.26% for the last 12 months, Balcatta, 6021 has performed for property investments than its average annual 1.54% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balcatta has increased when compared to the 5 year average annual rate.
At number 318th of WA’s most discounted properties, Balcatta is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 1.54%, investors should hope to achieve an overall return of 3.71%
Property value increases in Balcatta have tracked just higher than the WA average of -5.01% over the last 12 months.
Balcatta,6021 was ranked 794 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Balcatta is offering property investors an average of -8.93. This rate of discount on properties puts Suburb at number 73th in terms of most discounted suburbs in WA
Situated 8.19km from the CBD, Balcatta is one of Stirling localities in the postcode 6021.