At number 3685th in the list of Australian suburbs ordered by increase in median house value over the last year, Butler, 6036 is in the BOTTOM 20% with a property value increase of -7.21% recorded in median house prices.
Over the longer term, Butler has seen property prices show investors a -5.88% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Butler is offering property investors an average of -8.26. This rate of discount on properties puts Suburb at number 370th in terms of most discounted suburbs in WA
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
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.