With a capital gain of -1.67% for the last 12 months, Bassendean, 6054 has performed for property investments than its average annual 1.97% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bassendean has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Bassendean are currently offering property investors an average price cut of -6.95% below the asking price at the moment.
Bassendean is 278th on a list of best yielding suburbs for rents in WA with a 3.68% return
Property investors who have had real estate in Bassendean, 6054 should be ok with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.02%
A -5.79% growth in median value for property investors in Bassendean,6054 puts this suburb at number 32th in terms of best performing suburbs in WA
Sellers are offering property buyers an average discount of -7.24% to buyers in Bassendean at the moment, which is less than average for the rest of WA.
On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.
Bassendean is 44th on a list of best yielding suburbs for rents in WA with a 4.72% return
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.