If you compare the increase in value of investment property in Bassendean, 6054 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -1.94%.
Across a shorter period, Bassendean, 6054 has seen a median price increase of -0.39% over the last quarter.
Bassendean, 6054 is offering WA ‘s 248th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
Giving property investors a an average capital gain of 3.50% for the last year, Bassendean, 6054 is the 864th highest performer in Australia in this respect.
Bassendean,6054 was ranked 640 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Bassendean are currently offering property investors an average price cut of -8.60% below the asking price at the moment.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 1.02%, investors should hope to achieve an overall return of 4.89%
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.