If you compare the increase in value of investment property in Balcatta, 6021 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -8.72%.
Comparing Balcatta,6021 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
LACK OF BUYER INTEREST may well be the reason that Balcatta is offering property investors an average of -7.91. This rate of discount on properties puts Suburb at number 113th in terms of most discounted suburbs in WA
Property investors who have had real estate in Balcatta, 6021 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.03%
Over the longer term, Balcatta has seen property prices show investors a -12.33% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Balcatta should be aiming for at least -7.15% off the asking price, which is the average vendor discount being achieved at the moment.
Balcatta, 6021’s gross rental yield is 5.36%