Burswood, 6100 ranked 400th in WA when comparing growth in median property values or capital gain over the last 12 months. Burswood is one of 1662 in our list for WA
Taking the average capital gain, or increase in median house value, Burswood,6100 has racked up an average of -17.86% over the period. This ranks it number 2657th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Burswood is giving property investors an average Vendor Discount of around -13.61%. This puts suburb at number 24th in WA when ranking the most discounted suburbs.
Using the current median advertised rental of $485 and the average annual increase in value of a median property of 3.58%, investors should hope to achieve an overall return of 2.92%
Property investors who have had real estate in Burswood, 6100 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.16%
Burswood,6100 was ranked 587 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Burswood should be aiming for at least -6.07% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1383 in a list of fastest selling suburbs, Burswood is in the bottom 10% of suburbs in Australia with an average of days on market 130.3 for properties listed there.
Renters in Suburb are facing rents around $5880 per annum or $490 every week.
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