Investment property in Balcatta has done pretty 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 0.00%
While Balcatta,6021 ranked number 114th in WA for increase in median house value (annualised) increase, it is ranked 174th over the last 5 years.
Our latest figures would indicate that property sellers in Balcatta are currently offering property investors an average price cut of -7.61% below the asking price at the moment.
With the median price for a house in Balcatta being $540000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 3.80%
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 -8.05%
If we look at median property appreciation over just the last three months, Balcatta has given property investors a paper return of -6.83%. This puts Suburb as 92 on a list of fastest fasting appreciating suburbs in WA
Property buyers and investors in Balcatta 6021 should be seeing an average reduction in asking price of around -6.24% . This means that Balcatta is holding prices well when compared to other suburbs in WA.
In the last year 41 properties changed hands in Balcatta, which puts it as the 38th most active market in WA when comparing the number of sales per suburb.
Advertised rents are around the $350 mark per week – giving a return of 4.68% based on the median price in Suburb