With a capital gain of -13.97% for the last 12 months, Brabham, 6055 has performed for property investments than its average annual 8.18% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Brabham has given property investors a paper return of 2.17%. This puts Suburb as 97 on a list of fastest fasting appreciating 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 Brabham, 6055. Typically our figures indicate that -12.41% is being offered, which puts this WA suburb at 89th most discounted overall in Australia.
Brabham, 6055’s gross rental yield is 5.16%
Information supplied by:
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.