WA has seen average median house prices change by -4.46% which means that Beckenham, 6107 has not done well for property investors by showing a capital gain of -4.68% over the last year
If we look at median property appreciation over just the last three months, Beckenham has given property investors a paper return of -4.68%. This puts Suburb as 370 on a list of fastest fasting appreciating suburbs in WA
At number 61th of WA’s most discounted properties, Beckenham is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $330 mark per week – giving a return of 4.00% based on the median price in Suburb
Property value increases in Beckenham have tracked close to the WA average of -4.11% over the last 12 months.
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.
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 2.33%.
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.”