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 -6.07%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bentley has increased when compared to the 5 year average annual rate.
Bentley, 6102 is offering WA ‘s 147th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this WA.
Situated 8.16km from the CBD, Bentley is one of Canning localities in the postcode 6102.
WA has seen average median house prices change by -3.39% which means that Bentley, 6102 has not done well for property investors by showing a capital gain of -8.37% over the last year
Bentley,6102 was ranked 937 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Bentley should be aiming for at least -7.82% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 27 properties changed hands in Bentley, which puts it as the 59th most active market in WA when comparing the number of sales per suburb.
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
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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.