Bentley has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of -0.62% to date .
Comparing Bentley,6102 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Bentley is offering property investors an average of -8.22. This rate of discount on properties puts Suburb at number 114th in terms of most discounted suburbs in WA
A $355 per week rent on the median house gives suburb investors a gross yield of circa 3.85%, without taking into account capital value appreciation, which has been averaging out at 2.36%.
If you compare the increase in value of investment property in Bentley, 6102 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -14.15%.
Bentley,6102 has offered an average of -14.15% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -10.06% to buyers in Bentley at the moment, which is less than average for the rest of WA.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of -0.36%, investors should hope to achieve an overall return of 5.20%
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.