With a capital gain of -14.39% for the last 12 months, Burswood, 6100 has performed for property investments than its average annual 2.95% property growth over the last 5 years.
The five-year average increase in median property values for Burswood,6100 has given property investors a potential capital gain of 19.29% across each of those five years.
Property investors looking for a bargain in Burswood should be aiming for at least -13.61% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 4.00km from the CBD, Burswood is one of Victoria Park localities in the postcode 6100.
At number 671th in the list of Australian suburbs ordered by increase in median house value over the last year, Burswood, 6100 is in the top 40% with a property value increase of 5.40% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Burswood comes in at number 22th in WA.
The most recent median price for Burswood is $732500, with sellers offering an average of -6.50% off the asking price.
Often selling an investment property can take time, and in Burswood the average time real estate has been on the market is 135.73 days.
With the median price for a house in Burswood being $732500 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 3.48%
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