Property value increases in Balcatta have tracked just higher than the WA average of -5.06% over the last 12 months.
Balcatta,6021 was ranked 2233 in Australia by increase in median property value over the quarter.
Balcatta, 6021 is offering WA ‘s 177th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
In the last year 149 properties changed hands in Balcatta, which puts it as the 49th most active market in WA when comparing the number of sales per suburb.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.76%, without taking into account capital value appreciation, which has been averaging out at 3.93%.
Balcatta has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -7.62% to date .
Taking the average capital gain, or increase in median house value, Balcatta,6021 has racked up an average of -7.62% over the period. This ranks it number 1552th in the whole country for real estate investors looking at median house price increases.
At number 59th of WA’s most discounted properties, Balcatta is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Balcatta have been waiting around 72.89 days to sell a property.
Advertised rents are around the $350 mark per week – giving a return of 4.69% based on the median price in Suburb