Burswood, 6100 ranked 4th in WA when comparing growth in median property values or capital gain over the last 12 months. Burswood is one of 1662 in our list for WA
Over the longer term, Burswood has seen property prices show investors a -23.38% return over the last 3 years. This is an improvement over the last 12 months
In the last year 14 properties changed hands in Burswood, which puts it as the 421th most active market in WA when comparing the number of sales per suburb.
Investment property in Burswood has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.21%
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.
At number 10th of WA’s most discounted properties, Burswood is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Burswood is 118th on a list of best yielding suburbs for rents in WA with a 3.45% 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.