At number 3720th in the list of Australian suburbs ordered by increase in median house value over the last year, Bicton, 6157 is in the BOTTOM 20% with a property value increase of -8.50% recorded in median house prices.
Across a shorter period, Bicton, 6157 has seen a median price increase of -1.35% over the last quarter.
At number 82th of WA’s most discounted properties, Bicton is in the bottom 20% of the state/territory when listing in order of most discounted to least.
At number 2807 in a list of fastest selling suburbs, Bicton is in the bottom 30% of suburbs in Australia with an average of days on market 105.38 for properties listed there.
With the median price for a house in Bicton being $915000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 2.84%
Over the last year, property investments in Bicton, 6157 have given investors a capital gain of -9.02%. This compares badly with the -4.80% for WA as a whole.
If we look at median property appreciation over just the last three months, Bicton has given property investors a paper return of -7.90%. This puts Suburb as 98 on a list of fastest fasting appreciating suburbs in WA
Our latest figures would indicate that property sellers in Bicton are currently offering property investors an average price cut of -8.11% below the asking price at the moment.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.17%, without taking into account capital value appreciation, which has been averaging out at 2.99%.