Over the last year, property investments in Bassendean, 6054 have given investors a capital gain of -8.10%. This compares badly with the -4.17% for WA as a whole.
A 9.78% growth in median value for property investors in Bassendean,6054 puts this suburb at number 220th in terms of best performing suburbs in WA
Property buyers and investors in Bassendean 6054 should be seeing an average reduction in asking price of around -6.68% . This means that Bassendean is holding prices well when compared to other suburbs in WA.
Often selling an investment property can take time, and in Bassendean the average time real estate has been on the market is 73.4 days.
Bassendean is 261th on a list of best yielding suburbs for rents in WA with a 3.81% return
Over the last year, property investments in Bassendean, 6054 have given investors a capital gain of 0.91%. This compares favourably with the -5.10% for WA as a whole.
The five-year average increase in median property values for Bassendean,6054 has given property investors a potential capital gain of 1.22% across each of those five years.
Bassendean, 6054 is offering WA ‘s 36th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this WA.
With the median price for a house in Bassendean being $332000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 5.01%
Investors looking to buy at the bottom should probably keep an eye on Perth’s Bassendean.Full summary
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Investors looking to buy at the bottom should probably keep an eye on Perth’s Bassendean.
Around a 20-minute drive northeast of the Perth CBD, units in the suburb already have a relatively affordable median price of $328,000, and from market conditions it looks like that will come down further.
According to CoreLogic RP Data, the median price has fallen 17% in the last 12 months and is down 22% over the last three years.
Prices may not currently be performing, but the suburb does have some qualities that may make it one to keep track of.
Nowhere in Bassendean is too far from public transport, with three train stations in the suburb.
While there are few schools here, neighbouring suburbs offer a range of public and private options, and there is a major shopping centre in nearby Morley.
Bassendean sits on the banks of Swan River, but those who buy for water views may have to put up with aircraft noise due to its proximity to Perth airport.