Burswood has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -8.85% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Burswood has fallen somewhat when compared to the 5 year average annual rate.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.98% offered to property buyers. Sellers in Burswood itself are offering an average vendor discount of -8.40% to real estate investors.
Often selling an investment property can take time, and in Burswood the average time real estate has been on the market is 129 days.
Burswood is 100th on a list of best yielding suburbs for rents in WA with a 3.51% return
An inner south-eastern suburb of Perth, Burswood is home to a number of major amenities and attractions, including the sprawling Crown Perth casino and hotel complex, as well as the State Tennis Centre and the Belmont Park RacecourseFull summary
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Tenants favour CBD proximity
Median unit price: $746,500
Three-year growth: 13.1%
Rental yield: 3.4%
An inner south-eastern suburb of Perth, Burswood is home to a number of major amenities and attractions, including the sprawling Crown Perth casino and hotel complex, as well as the State Tennis Centre and the Belmont Park Racecourse.
It’s also the site of the new Perth Stadium, a 60-000-seat oval that is due to open early in 2018. The hefty new piece of infrastructure, which was constructed at a cost of $1.4bn to $1.6bn, already has a number of high profile sporting events and concerts locked in.
Here, two-bedroom units are sought after by local renters who are employed in the above-mentioned businesses as it’s close to the CBD, with many high-rise apartments offering stunning views of the Perth skyline and the Swan River.