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
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.