WA has seen average median house prices change by -4.46% which means that Beechboro, 6063 has not done well for property investors by showing a capital gain of -12.22% over the last year
Beechboro,6063 was ranked 3190 in Australia by increase in median property value over the quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.25% offered to property buyers. Sellers in Beechboro itself are offering an average vendor discount of -9.43% to real estate investors.
With the median price for a house in Beechboro being $395000 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 4.54%
Affordability – Beechboro is big in the property value equation - houses are 10 to 25 years old, 12 kilometres from the Perth CBD, on 700 square metre blocks, for around $400,000. Investors will buy for rental yield (around 5.0-5.4%) while holding a low-maintenance property on a large block with potential for capital growth through future subdivision.Full summary
Information supplied by:
HouseSmart Real Estate Pty Ltd
08 9378 2555
What have you found to be the suburb’s main selling points? Why would investors want to buy there?
Affordability – Beechboro is big in the property value equation - houses are 10 to 25 years old, 12 kilometres from the Perth CBD, on 700 square metre blocks, for around $400,000. Investors will buy for rental yield (around 5.0-5.4%) while holding a low-maintenance property on a large block with potential for capital growth through future subdivision.
In demand properties:
Stock standard 3x1 houses on 700sqm+ blocks.
Detached brick and tile houses built by the first homebuyers of the late 1980’s and early 1990’s.
Altone Park Shopping Centre
Altone Park Leisure Centre
Altone Park Golf Course
Multiple medical facilities
John Septimus Roe Anglican Community School
Key businesses and employers:
Most residents work outside the suburb either in Perth, Midland, Morley or Malaga.
City of Swan’s Urban Housing Strategy has the potential to trigger a major upgrade to the suburb through significantly higher zonings. The strategy is expected to become law in 2014 and if/when it does, a wave of subdivision and redevelopment will occur and a large increase in resident population.
Houses on larger blocks anywhere in Beechboro, larger being greater than 700m2; also houses on corner blocks to take advantage of the proposed regulations regarding street frontage and subdivision.
Good, with frequent bus routes throughout the suburb linking to the Bassendean Train Station and Morley Bus Terminal.
Yes, Reid Highway forms the northern boundary of Beechboro and Tonkin Highway is 1 kilometre away and links to the Airport and Roe Highway.