Booragoon has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 2.05% to date .
Booragoon,6154 was ranked 2733 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Booragoon should be aiming for at least -8.46% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 2.69%, investors should hope to achieve an overall return of 2.87%
Property investors who have had real estate in Booragoon, 6154 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.46%
A 4.81% growth in median value for property investors in Booragoon,6154 puts this suburb at number 68th in terms of best performing suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Booragoon is offering property investors an average of -8.65. This rate of discount on properties puts Suburb at number 99th in terms of most discounted suburbs in WA
Often selling an investment property can take time, and in Booragoon the average time real estate has been on the market is 32.54 days.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 3.84%, investors should hope to achieve an overall return of 3.63%