Giving property investors a a poor capital gain of -4.70% for the last year, Bassendean, 6054 is the 3545th highest performer in Australia in this respect.
While Bassendean,6054 ranked number 98th in WA for increase in median house value (annualised) increase, it is ranked 131th over the last 5 years.
Property investors looking for a bargain in Bassendean should be aiming for at least -6.74% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 10.01km from the CBD, Bassendean is one of Bassendean localities in the postcode 6054.
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 0.60%
If we look at median property appreciation over just the last three months, Bassendean has given property investors a paper return of -0.45%. This puts Suburb as 40 on a list of fastest fasting appreciating suburbs in WA
Property investors looking for a bargain in Bassendean should be aiming for at least -9.12% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1053 in a list of fastest selling suburbs, Bassendean is in the bottom 30% of suburbs in Australia with an average of days on market 95.45 for properties listed there.
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.