WA has seen average median house prices change by -4.46% which means that Bentley, 6102 has not done well for property investors by showing a capital gain of 1.76% over the last year
Across a shorter period, Bentley, 6102 has seen a median price increase of -1.50% over the last quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.25% offered to property buyers. Sellers in Bentley itself are offering an average vendor discount of -8.32% to real estate investors.
Situated 8.13km from the CBD, Bentley is one of Canning localities in the postcode 6102.
At number 1651th in the list of Australian suburbs ordered by increase in median house value over the last year, Bentley, 6102 is in the BOTTOM 10% with a property value increase of -15.79% recorded in median house prices.
Bentley,6102 has offered an average of -15.79% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Bentley are currently offering property investors an average price cut of -9.10% below the asking price at the moment.
Often selling an investment property can take time, and in Bentley the average time real estate has been on the market is 93.28 days.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 0.09%.
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
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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.