At number 3910th in the list of Australian suburbs ordered by increase in median house value over the last year, Burswood, 6100 is in the BOTTOM 10% with a property value increase of -10.62% recorded in median house prices.
Across a shorter period, Burswood, 6100 has seen a median price increase of 7.81% over the last quarter.
At number 31th of WA’s most discounted properties, Burswood is in the bottom 10% of the state/territory when listing in order of most discounted to least.
At number 2236 in a list of fastest selling suburbs, Burswood is just in the bottom half of suburbs in Australia with an average of days on market 88.28 for properties listed there.
Advertised rents are around the $485 mark per week – giving a return of 2.92% based on the median price in Suburb
Over the last year, property investments in Burswood, 6100 have given investors a capital gain of -8.33%. This compares badly with the -5.10% for WA as a whole.
If we look at median property appreciation over just the last three months, Burswood has given property investors a paper return of -9.90%. This puts Suburb as 96 on a list of fastest fasting appreciating suburbs in WA
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.43% offered to property buyers. Sellers in Burswood itself are offering an average vendor discount of -6.62% to real estate investors.
Burswood is 101th on a list of best yielding suburbs for rents in WA with a 3.86% return
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