Beckenham has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.44% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Beckenham has increased when compared to the 5 year average annual rate.
Beckenham6107 is located in WA which offers an average discount of -8.22% to property investors. Beckenham itself is showing figures that indicate -10.95% is the average achievable by property buyers investing in the suburb.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 3.99%, without taking into account capital value appreciation, which has been averaging out at 1.91%.
If you compare the increase in value of investment property in Beckenham, 6107 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -4.61%.
The five-year average increase in median property values for Beckenham,6107 has given property investors a potential capital gain of 7.73% across each of those five years.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 1.63%, investors should hope to achieve an overall return of 4.16%
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.”