Property value increases in Beldon have tracked just lower than the WA average of -2.31% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Beldon has fallen somewhat when compared to the 5 year average annual rate.
The most recent median price for Beldon is $440000, with sellers offering an average of -6.45% off the asking price.
Often selling an investment property can take time, and in Beldon the average time real estate has been on the market is 51.2182 days.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 0.76%, investors should hope to achieve an overall return of 4.37%
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Housing supply gets a significant boost
Median house price: $450,000
Stock on market: 55.0%
12-month growth: -1.7%
Beldon is a small suburb tucked into the city of Joondalup north of Craigie. It was originally inhabited by the Nyoongar aboriginals for about 40,000 years.
The suburb first came into existence in 1974. In the many years since, it has been developed into a thriving community with two main shopping hubs – Betridge City shopping centre in the north and Beldon shopping centre to the west. The latter was the first shopping district in the suburb, having been built in 1977. There are also many parks with playgrounds for children; Beldon Park has a children’s playground and a sports field, while Haddington Park has a dirt bike track.
There was a sharp increase in housing supply over the year to February 2019, with the figure soaring from 39 to 61 for a stock on market boost of over 50%.