If you compare the increase in value of investment property in Brabham, 6055 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this WA suburb was 20.80%.
The five-year average increase in median property values for Brabham,6055 has given property investors a potential capital gain of 61.87% across each of those five years.
Vendor discounting in Brabham is giving property investors an average Vendor Discount of around -10.77%. This puts suburb at number 103th in WA when ranking the most discounted suburbs.
At number 2917 in a list of fastest selling suburbs, Brabham is in the bottom 40% of suburbs in Australia with an average of days on market 90.86 for properties listed there.
Once part of the suburb of Henley Brook, Brabham was gazetted less than 10 years ago, making it one of the youngest suburbs in PerthFull summary
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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.Close