Burswood6100 is located in WA which offers an average discount of -8.09% to property investors. Burswood itself is showing figures that indicate -6.26% is the average achievable by property buyers investing in the suburb.
At number 3488 in a list of fastest selling suburbs, Burswood is in the bottom 10% of suburbs in Australia with an average of days on market 127.1 for properties listed there.
Advertised rents are around the $520 mark per week – giving a return of 2.50% based on the median price in Suburb
If you compare the increase in value of investment property in Burswood, 6100 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -9.86%.
Taking the average capital gain, or increase in median house value, Burswood,6100 has racked up an average of -9.86% over the period. This ranks it number 1483th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Burswood should be aiming for at least -9.58% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of -1.69%, investors should hope to achieve an overall return of 3.58%
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.