WA has seen average median house prices change by -2.45% which means that Burswood, 6100 has not done well for property investors by showing a capital gain of -16.71% over the last year
Comparing Burswood,6100 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Renters in Suburb are facing rents around $5940 per annum or $495 every week.
Property value increases in Burswood have tracked just higher than the WA average of -4.96% over the last 12 months.
A 4.30% growth in median value for property investors in Burswood,6100 puts this suburb at number 24th in terms of best performing suburbs in WA
The most recent median price for Burswood is $740500, with sellers offering an average of -9.40% off the asking price.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of -1.67%, investors should hope to achieve an overall return of 2.88%
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.