Balcatta has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -8.80% to date .
The five-year average increase in median property values for Balcatta,6021 has given property investors a potential capital gain of 1.55% across each of those five years.
Our latest figures would indicate that property sellers in Balcatta are currently offering property investors an average price cut of -6.50% below the asking price at the moment.
In the last year 139 properties changed hands in Balcatta, which puts it as the 50th most active market in WA when comparing the number of sales per suburb.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.80%, without taking into account capital value appreciation, which has been averaging out at 1.58%.
Balcatta is in the bottom 40% 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 -8.08%.
Balcatta,6021 was ranked 522 in Australia by increase in median property value over the quarter.
Vendor discounting in Balcatta is giving property investors an average Vendor Discount of around -7.48%. This puts suburb at number 66th in WA when ranking the most discounted suburbs.