Suburb Profile Report for Bassendean WA (6054)

Bassendean House: Median price $510,000, Annual capital growth 2.90%, Number of sales 174, Weekly median advertised rent $370

Bassendean Unit: Median price $338,500, Annual capital growth 1.39%, Number of sales 24, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Bassendean has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.53%

When looking at the potential capital gains offered to property investors over the last 3 years, Bassendean comes in at number 191th in WA.

LACK OF BUYER INTEREST may well be the reason that Bassendean is offering property investors an average of -8.21. This rate of discount on properties puts Suburb at number 251th in terms of most discounted suburbs in WA

Advertised rents are around the $370 mark per week – giving a return of 3.77% based on the median price in Suburb

Bassendean has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 2.89% to date .

Bassendean,6054 was ranked 413 in Australia by increase in median property value over the quarter.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.20% offered to property buyers. Sellers in Bassendean itself are offering an average vendor discount of -10.37% to real estate investors.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 1.39%, investors should hope to achieve an overall return of 5.07%

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 $338,500
0.00% 3.12%
-10.53% 2.89%
2.90% 1.39%
$370 $330
174 24
3.77% 5.07%
68.51 95.89

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (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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