WA has seen average median house prices change by -2.82% which means that Burswood, 6100 has not done well for property investors by showing a capital gain of -40.21% over the last year
Over the longer term, Burswood has seen property prices show investors a -15.17% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Burswood is giving property investors an average Vendor Discount of around -6.34%. This puts suburb at number 321th in WA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Burswood the average time real estate has been on the market is 72.81 days.
Using the current median advertised rental of $472.5 and the average annual increase in value of a median property of -6.93%, investors should hope to achieve an overall return of 3.91%
With a capital gain of -2.54% for the last 12 months, Burswood, 6100 has performed for property investments than its average annual -1.65% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Burswood has given property investors a paper return of -7.19%. This puts Suburb as 100 on a list of fastest fasting appreciating suburbs in WA
Burswood6100 is located in WA which offers an average discount of -8.93% to property investors. Burswood itself is showing figures that indicate -7.62% is the average achievable by property buyers investing in the suburb.
Situated 3.82km from the CBD, Burswood is one of Victoria Park localities in the postcode 6100.
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