At number 3817th in the list of Australian suburbs ordered by increase in median house value over the last year, Bicton, 6157 is in the BOTTOM 10% with a property value increase of -9.28% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bicton has fallen somewhat when compared to the 5 year average annual rate.
Bicton, 6157 is offering WA ‘s 118th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this WA.
Residents and property investors in Bicton have been waiting around 72.5 days to sell a property.
Renters in Suburb are facing rents around $5400 per annum or $450 every week.
Investment property in Bicton has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.60%
The five-year average increase in median property values for Bicton,6157 has given property investors a potential capital gain of 3.93% across each of those five years.
Property investors looking for a bargain in Bicton should be aiming for at least -6.86% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 43 properties changed hands in Bicton, which puts it as the 37th most active market in WA when comparing the number of sales per suburb.
Bicton is 92th on a list of best yielding suburbs for rents in WA with a 3.94% return