At number 3945th in the list of Australian suburbs ordered by increase in median house value over the last year, Bassendean, 6054 is in the BOTTOM 10% with a property value increase of -12.28% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Bassendean,6054 has racked up an average of -12.28% over the period. This ranks it number 3598th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Bassendean is giving property investors an average Vendor Discount of around -7.56%. This puts suburb at number 211th in WA when ranking the most discounted suburbs.
At number 1470 in a list of fastest selling suburbs, Bassendean is in the TOP 40% of suburbs in Australia with an average of days on market 71.99 for properties listed there.
Property value increases in Bassendean have tracked just higher than the WA average of -2.78% over the last 12 months.
Comparing Bassendean,6054 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bassendean, 6054. Typically our figures indicate that -9.86% is being offered, which puts this WA suburb at 56th most discounted overall in Australia.
Using the current median advertised rental of $327.5 and the average annual increase in value of a median property of 1.49%, investors should hope to achieve an overall return of 5.03%
Investors looking to buy at the bottom should probably keep an eye on Perth’s Bassendean.Full summary
Information supplied by:
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.