WA has seen average median house prices change by -5.25% which means that Beckenham, 6107 has not done well for property investors by showing a capital gain of -3.38% over the last year
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.
LACK OF BUYER INTEREST may well be the reason that Beckenham is offering property investors an average of -8.22. This rate of discount on properties puts Suburb at number 104th in terms of most discounted suburbs in WA
Giving property investors a a poor capital gain of -6.41% for the last year, Beckenham, 6107 is the 1465th highest performer in Australia in this respect.
With the median price for a house in Beckenham being $365000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.56%
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.”