Investment property in Butler 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 -7.10%
Across a shorter period, Butler, 6036 has seen a median price increase of -2.44% over the last quarter.
Butler6036 is located in WA which offers an average discount of -8.21% to property investors. Butler itself is showing figures that indicate -5.90% is the average achievable by property buyers investing in the suburb.
At number 2859 in a list of fastest selling suburbs, Butler is in the bottom 30% of suburbs in Australia with an average of days on market 107.69 for properties listed there.
The WA suburb of Butler, 6036 is in the Wanneroo local government area.
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
Information supplied by:
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.