Bentley is in the TOP 30% in WA when comparing median price capital growth over the last year. Bentley gave property investors a good capital gain figure when compared to the rest of the state, with 0.00%.
While Bentley,6102 ranked number 138th in WA for increase in median house value (annualised) increase, it is ranked 71th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Bentley is offering property investors an average of -8.21. This rate of discount on properties puts Suburb at number 228th in terms of most discounted suburbs in WA
Often selling an investment property can take time, and in Bentley the average time real estate has been on the market is 77.92 days.
With the median price for a house in Bentley being $500000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.95%
Property value increases in Bentley have tracked just higher than the WA average of -3.64% over the last 12 months.
Across a shorter period, Bentley, 6102 has seen a median price increase of -1.01% over the last quarter.
Property investors looking for a bargain in Bentley should be aiming for at least -7.55% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.
Situated 8.40km from the CBD, Bentley is one of Canning localities in the postcode 6102.
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.