At number 3767th 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 -8.85% recorded in median house prices.
If we look at median property appreciation over just the last three months, Bassendean has given property investors a paper return of -3.20%. This puts Suburb as 318 on a list of fastest fasting appreciating suburbs in WA
Bassendean6054 is located in WA which offers an average discount of -8.04% to property investors. Bassendean itself is showing figures that indicate -6.52% is the average achievable by property buyers investing in the suburb.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.94%, without taking into account capital value appreciation, which has been averaging out at 4.87%.
Bassendean, 6054 ranked 100th 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
When looking at the potential capital gains offered to property investors over the last 3 years, Bassendean comes in at number 99th in WA.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.52% offered to property buyers. Sellers in Bassendean itself are offering an average vendor discount of -9.21% to real estate investors.
Often selling an investment property can take time, and in Bassendean the average time real estate has been on the market is 80.77 days.
Situated 10.05km from the CBD, Bassendean is one of Bassendean localities in the postcode 6054.
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.