Balcatta has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -9.17% to date .
Over the longer term, Balcatta has seen property prices show investors a -8.55% return over the last 3 years. This is worse than over the last 12 months
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.26% offered to property buyers. Sellers in Balcatta itself are offering an average vendor discount of -7.00% to real estate investors.
Property investors should expect to get $370 weekly from the median priced house in this suburb.
Balcatta is in the bottom 30% in WA when comparing median price capital growth over the last year. Balcatta gave property investors a disappointing capital gain figure when compared to the rest of the state, with -9.37%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balcatta has fallen somewhat when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Balcatta, 6021. Typically our figures indicate that -8.26% is being offered, which puts this WA suburb at 147th most discounted overall in Australia.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.