Burswood has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 9.47% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Burswood has increased when compared to the 5 year average annual rate.
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 Burswood, 6100. Typically our figures indicate that -16.29% is being offered, which puts this WA suburb at 42th most discounted overall in Australia.
Residents and property investors in Burswood have been waiting around 63 days to sell a property.
Situated 3.91km from the CBD, Burswood is one of Victoria Park localities in the postcode 6100.
Property value increases in Burswood have tracked higher than the WA average of -4.80% over the last 12 months.
The five-year average increase in median property values for Burswood,6100 has given property investors a potential capital gain of -10.50% across each of those five years.
Burswood6100 is located in WA which offers an average discount of -7.58% to property investors. Burswood itself is showing figures that indicate -7.90% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $499.5 weekly from the median priced house in this suburb.
Burswood is the future entertainment hub of Perth, with projects like the new Burswood Entertainment & Football Stadium planned, a $605,000,000 extension currently being added to the casino and the proposed only six star hotel in Australia ready to commence this year. The new Burswood Apartments next to this hub is only a few minutes to the City and about 10 minutes to the airport so the rental returns are around 5% due to the F.I.F.O. for the mining north of W.A.Full summary
Information supplied by:
Blue Chip Real Estate
08 9470 6231
0414 318 324
Main selling points?
Burswood is the future entertainment hub of Perth, with projects like the new Burswood Entertainment & Football Stadium planned, a $605,000,000 extension currently being added to the casino and the proposed only six star hotel in Australia ready to commence this year. The new Burswood Apartments next to this hub is only a few minutes to the City and about 10 minutes to the airport so the rental returns are around 5% due to the F.I.F.O. for the mining north of W.A.
Most sought after properties:
2 Bedroom Units because the appeal to both the home buyer and the investor they range from $580,000 - $900,000 depending of the views.
Most common properties:
Two and Three bedroom new apartments
Good mix of both private and public schools, Top of the range Restaurants, Close to City for all types of retail shopping, Close to both North and South of the River, great road access& Train Station.
A mix of businesses like car yards, and as already mentioned the casino, retail and cafes.
Major developments in the last 10 years Mirvac have built a 600 – 700 Units and Town House Complex with amazing Parks, Café and Restaurant and Golf Course.
The 5 towers and townhouses in the Mirvac Complex because they had a bit of oversupply over the last 2 years and the prices are now affordable especially as a good long term investment due to the rental returns and the proposed sporting and recreational facilities that have been planned.
About 8 out of 10 the Train Station is very central and goes straight to the city, buses run along Great Eastern Highway every few minutes.
The Graham Farther Freeway will take to to Scarborough Beach, into the City and the Northern Suburbs. The Great Eastern Hwy will take you to Fremantle and the Southern Suburbs and over the Causeway into the City. This is only 2-3 minutes from the City and very Central.
Information provided by:
Blue Chip Real Estate
0414 318 324
(08) 9470 6231