Suburb Profile Report for Bassendean WA (6054)

Bassendean House: Median price $510,000, Annual capital growth 3.69%, Number of sales 178, Weekly median advertised rent $380

Bassendean Unit: Median price $328,250, Annual capital growth 1.40%, Number of sales 24, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Bassendean, 6054 ranked 365th in WA when comparing growth in median property values or capital gain over the last 12 months. Bassendean is one of 1662 in our list for WA

Comparing Bassendean,6054 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Bassendean is $510000, with sellers offering an average of -6.59% off the asking price.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.87%, without taking into account capital value appreciation, which has been averaging out at 3.69%.

Property value increases in Bassendean have tracked lower than the WA average of -4.80% over the last 12 months.

Bassendean,6054 was ranked 986 in Australia by increase in median property value over the quarter.

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 -9.61% is being offered, which puts this WA suburb at 76th most discounted overall in Australia.

Often selling an investment property can take time, and in Bassendean the average time real estate has been on the market is 86.65 days.

Bassendean is 14th on a list of best yielding suburbs for rents in WA with a 5.54% return

YIP MAG Information supplied by:

YIP MAG
July 2016

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Investors looking to buy at the bottom should probably keep an eye on Perth’s Bassendean.Full summary
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.

 

Close
HOUSE UNIT
$510,000 $328,250
-0.97% -0.23%
-11.76% -15.73%
3.69% 1.40%
$380 $350
178 24
3.87% 5.54%
61.91 86.65

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
Find a mortgage broker in Bassendean WA
Demographics
Total population 9639
Median household income ($/weekly) 1301
Median age of persons 39
Median housing loan repayment ($/monthly) 1898
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1046 10.9
    25-34 years 1317 13.7
    35-44 years 1475 15.3
    45-54 years 1396 14.5
    55-64 years 1180 12.2
    Others 3225 33.5
    Age Group
    Census Count Percent(%)
    Not Married 3174 44.6
    Registered Married 3032 42.6
    Defacto Relationship 917 12.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6353 70.0
    Japan 120 1.3
    Papua New Guinea 344 3.8
    United Kingdom 965 10.6
    Other 372 4.1
    Others 916 10.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 202 2.3
    Christianity 5447 62.4
    Islam 123 1.4
    Other Religious Groups 68 0.8
    No Religion 2830 32.4
    Others 59 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 297 8.6
    $400-$599 359 10.4
    $1,500-$1,999 427 12.3
    $2,000-$2,499 332 9.6
    $2,500-$2,999 346 10.0
    Others 1705 49.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3166 42.3
    Not in the labour force 2373 31.7
    Employed, worked part-time 1432 19.1
    Employed, away from work 306 4.1
    Unemployed, looking for work 212 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 527 10.8
    Professionals 1184 24.2
    Technicians & trades workers 791 16.1
    Community & personal service workers 502 10.2
    Clerical & administrative workers 762 15.5
    Others 1136 23.2
    Occupation
    Census Count Percent(%)
    Pre-school 123 6.4
    Infants/Primary 677 35.4
    Secondary 453 23.7
    Technical or Further Educational Institution 218 11.4
    University or other Tertiary Institutions 386 20.2
    Others 53 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7376 82.8
    Flat, unit or apartment 821 9.2
    Semi-detached, row or terrace house, townhouse 706 7.9
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1487 39.4
    Fully owned 1159 30.7
    Rented 1089 28.8
    Other tenure type 41 1.1
    Tenure Type
Census 2011, ABS
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