Giving property investors a a solid capital gain of 21.21% for the last year, Brabham, 6055 is the 241th highest performer in Australia in this respect.
Across a shorter period, Brabham, 6055 has seen a median price increase of 2.25% over the last quarter.
At number 94th of WA’s most discounted properties, Brabham is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Brabham, 6055’s gross rental yield is 4.55%
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Significant stock increase could be dangerous
Median house price: $395,000
Stock on market: 68.7%
12-month growth: 20.8%
Once part of the suburb of Henley Brook, Brabham was gazetted less than 10 years ago, making it one of the youngest suburbs in Perth.
As part of the urban growth corridor of Swan City, Brabham has a lot of potential. It’s ideal for families with children given the presence of parks to run around in, and it’s also convenient for working professionals, as the suburb is bordered by several roads, including Park Street, Murray Street, Harrow Street and Lord Street. The Perth CBD is approximately 30 minutes’ drive away.
Housing stock soared in the year to January 2019, going from just 134 to 226 for a 68.7% increase in supply. Despite the high 20% price growth recorded in this suburb in the same period, demand may not be enough to soak up the new properties as sellers are having to offer big discounts.