Butler has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.76% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Butler has increased when compared to the 5 year average annual rate.
The most recent median price for Butler is $400000, with sellers offering an average of -6.73% off the asking price.
Butler is 134th on a list of best yielding suburbs for rents in WA with a 4.55% return
A Northern Suburbs Railway extension to Butler is a firm commitment and is scheduled to be completed by the end of 2014, suggesting a plethora of investment opportunities are coming.Full summary
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While Perth’s latest transport plan is at the draft stage, the Northern Suburbs Railway extension to Butler is already a firm commitment – and is scheduled to be completed by the end of 2014.
“This 7.5km rail extension will see a new station constructed in the Butler Town Centre. The developer of the land surrounding the new rail station will provide high/medium density mixed use development around the station. A park and ride facility for 1,000 bays and a bus transfer facility are included as part of the project,” says the Department of Transport’s Public Transport for Perth in 2031 report.
Butler, therefore, looks like one to watch in terms of the more immediate effects of Perth’s infrastructure improvements.
“It’s a very good thing that it’s coming through. They’re proposing a new shopping centre, so that should bring in a lot of new business,” says Professionals, Northern Coast, marketing consultant Goran Pavusek.
“The whole of Butler is going to benefit from the railway station. I’ve already had people enquiring to ask when it’s going to be done by,” he adds. “A lot of people have been enquiring, which is a good sign, so I think it will be good for the market.”
Butler offers a mix of three- and four-bedroom, two-bathroom homes, as well as cottage blocks, says Pavusek, which appeal to families and young couples respectively – and these are the two key sets of demographics that make up the suburb’s tenant base.