Investment property in Bicton has done 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 -11.05%
Over the longer term, Bicton has seen property prices show investors a -5.59% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Bicton are currently offering property investors an average price cut of -8.25% below the asking price at the moment.
On average over the past year, suburb has had 5.17 sales per month, which equates to 62 per year.
With the median price for a house in Bicton being $845000 and the advertised rent reaching $455 the gross rental yield for property investors calculates out to be 2.80%
Bicton, 6157 ranked 42th in WA when comparing growth in median property values or capital gain over the last 12 months. Bicton is one of 1662 in our list for WA
A 5.11% growth in median value for property investors in Bicton,6157 puts this suburb at number 38th in terms of best performing suburbs in WA
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bicton, 6157. Typically our figures indicate that -6.79% is being offered, which puts this WA suburb at 328th most discounted overall in Australia.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.