Property value increases in Beckenham have tracked just higher than the WA average of -4.98% over the last 12 months.
Comparing Beckenham,6107 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Beckenham itself are offering an average vendor discount of -9.60% to real estate investors.
With the median price for a house in Beckenham being $440000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.02%
At number 1453th in the list of Australian suburbs ordered by increase in median house value over the last year, Beckenham, 6107 is in the BOTTOM 20% with a property value increase of -5.97% recorded in median house prices.
The five-year average increase in median property values for Beckenham,6107 has given property investors a potential capital gain of 13.28% across each of those five years.
A $297.5 per week rent on the median house gives suburb investors a gross yield of circa 4.27%, without taking into account capital value appreciation, which has been averaging out at 2.72%.
Perth as a whole may be going through a rough patch at present, but one area that’s managing to hold its own is Beckenham.Full summary
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Perth as a whole may be going through a rough patch at present, but one area that’s managing to hold its own is Beckenham.
Situated roughly 12km southeast of the Perth CBD, Beckenham has excellent transport links to the city thanks to its own train station and the nearby Roe Highway.
Amenities are plentiful, including the Westfield Carousel shopping centre located in the next-door suburb of Cannington.
Unsurprisingly for Perth, the majority of Beckenham’s dwellings are houses – 90% according to the latest census – with RP Data noting that post-war, low set brick dwellings dominate:
“Many of these dwellings are likely to have renovation potential whether it be externally, internally or both. Land sizes tend to be quite large with the average land size in the suburb between 800 and 900 m2 suggesting there may be room for densification.”