With a capital gain of 7.81% for the last 12 months, Brabham, 6055 has performed for property investments than its average annual 8.27% property growth over the last 5 years.
Comparing Brabham,6055 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property buyers and investors in Brabham 6055 should be seeing an average reduction in asking price of around -6.47% . This means that Brabham is holding prices well when compared to other suburbs in WA.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 8.27%, investors should hope to achieve an overall return of 4.80%
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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.