If you compare the increase in value of investment property in Beldon, 6027 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -6.25%.
Comparing Beldon,6027 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property investors looking for a bargain in Beldon should be aiming for at least -8.48% off the asking price, which is the average vendor discount being achieved at the moment.
Beldon, 6027’s gross rental yield is 4.43%
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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%.