Investment property in Bentley has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.15%
The five-year average increase in median property values for Bentley,6102 has given property investors a potential capital gain of 14.81% across each of those five years.
Sellers are offering property buyers an average discount of -6.96% to buyers in Bentley at the moment, which is less than average for the rest of WA.
A $395 per week rent on the median house gives suburb investors a gross yield of circa 4.11%, without taking into account capital value appreciation, which has been averaging out at 4.77%.
Investment property in Bentley has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.41%
Taking the average capital gain, or increase in median house value, Bentley,6102 has racked up an average of -6.41% over the period. This ranks it number 1542th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Bentley are currently offering property investors an average price cut of -7.17% below the asking price at the moment.
At number 999 in a list of fastest selling suburbs, Bentley is in the bottom 40% of suburbs in Australia with an average of days on market 90.17 for properties listed there.
Advertised rents are around the $350 mark per week – giving a return of 4.89% based on the median price in Suburb
Bentley is situated 8km south-east of the Perth CBD, and is a top pick from Perth for its combination of affordability, rental yield and growth potential.Full summary
Information supplied by:
Bentley is situated 8km south-east of the Perth CBD, and is a top pick from Perth for its combination of affordability, rental yield and growth potential.
As well as providing easy road and rail access to the Perth CBD and western beach suburbs, Bentley is home to the main campus of the Curtin University of Technology and a technology park. Access to the CBD is by rail or bus: the nearest train station is in neighbouring Welshpool, while bus and car access is via the Albany Highway. Access to Perth airport is also provided by the Leach Highway, which also runs westward to the coastal beaches.
The suburb has plentiful amenities, with a small shopping plaza on the corner of Albany Highway and Ashburton Street, and the lifestyle suburbs of Victoria Park and Kensington are also nearby. The presence of Bentley Hospital also provides further employment opportunities.
The suburb has a high proportion of students, thanks to the presence of Curtin University, Canning College and the Bentley campus of Swan TAFE. Many of these are international students, often from south-east Asia. Otherwise, the professions of residents are mixed, with both white-collar and blue-collar workers. The location is also favourable for fly-in, fly-out workers, due to the proximity to the airport. Bentley is also experiencing significant population growth, with SQM Research projecting a 4% annual increase over the next few years. This will inevitably put pressure on housing, and is likely to result in rental and capital growth.
Median unit prices are cheaper than neighbouring suburbs, and vacancy rates are very low.