If you compare the increase in value of investment property in Balcatta, 6021 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -7.69%.
Across a shorter period, Balcatta, 6021 has seen a median price increase of -5.12% over the last quarter.
The most recent median price for Balcatta is $510000, with sellers offering an average of -7.16% off the asking price.
Often selling an investment property can take time, and in Balcatta the average time real estate has been on the market is 74.58 days.
A $375 per week rent on the median house gives suburb investors a gross yield of circa 3.82%, without taking into account capital value appreciation, which has been averaging out at 2.35%.
Investment property in Balcatta has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -11.31%
If we look at median property appreciation over just the last three months, Balcatta has given property investors a paper return of -3.25%. This puts Suburb as 73 on a list of fastest fasting appreciating suburbs in WA
The most recent median price for Balcatta is $372500, with sellers offering an average of -8.42% off the asking price.
Balcatta is 35th on a list of best yielding suburbs for rents in WA with a 4.89% return