At number 3197th in the list of Australian suburbs ordered by increase in median house value over the last year, Burns Beach, 6028 is in the BOTTOM 30% with a property value increase of -4.32% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Burns Beach,6028 has racked up an average of -4.32% over the period. This ranks it number 3825th in the whole country for real estate investors looking at median house price increases.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.91% offered to property buyers. Sellers in Burns Beach itself are offering an average vendor discount of -6.63% to real estate investors.
Often selling an investment property can take time, and in Burns Beach the average time real estate has been on the market is 70.9434 days.
A $660 per week rent on the median house gives suburb investors a gross yield of circa 4.43%, without taking into account capital value appreciation, which has been averaging out at 9.07%.
About 34kms north of Perth's CBD at the northern fringe of the City of Joondalup, Burns Beach is a new affluent suburb. In early 2006 clearing and road widening were undertaken to facilitate the construction and much building is still underway on the northern end of the Burns Beach Estate. Despite the development of the area, the suburb has managed to maintain much of its original character as a small coastal village with its local cafe and restaurant (Burns Beach Cafe and Restaurant), a picnic area with barbecues and toilets, the original caravan park still in operation, and the end of the coastal nature walk extending from Fremantle.
Information supplied by:
Best Benchmark Property Management
08 9301 1111
0432 847 940
Burns Beach offers residents the best of worlds: the relaxed lifestyle of an ocean-side community and all the convenience of nearby amenities. It’s new, beautifully landscaped with a network of bike and walking paths leading down to the beach yet relatively close to several shopping centres, sporting clubs, restaurants and the Joondalup hospital.
Most sought-after properties:
Most common properties:
The Peet’s Burns Beach Estate is still mid-way through its 1500 home site development. Land or house and land packages are still available. The majority of houses being built are 4x2’s sophisticated and modern design single and double storey homes.
New residential development is changing the area every day. A community centre and school is expected to be built as part of the development in the coming years, as well as two commercially zoned sites within the suburb.
Burns Beach is well serviced by public transport, including the 470 and 471 Transperth bus routes to and from Joondalup and the Currambine Train Station. Commuting to the city is easy with Burns Beach Road providing direct access to Mitchell Freeway.
Burns Beach is bounded by the ocean to the west, Marmion Avenue to the east and Burns Beach Road to the south. Tamala Park, a bushland buffer to the north, separates Burns Beach and Kinross from the Mindarie-Clarkson urban region.