Property value increases in Butler have tracked just lower than the WA average of -2.74% over the last 12 months.
While Butler,6036 ranked number 378th in WA for increase in median house value (annualised) increase, it is ranked 325th over the last 5 years.
Property investors looking for a bargain in Butler should be aiming for at least -5.83% off the asking price, which is the average vendor discount being achieved at the moment.
Investment property in Butler has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -12.03%
Butler,6036 was ranked 847 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.
Situated 38.00km from the CBD, Butler is one of Wanneroo (C) localities in the postcode 6036.
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While Perth’s latest transport plan is at the draft stage, the Northern Suburbs Railway extension to Butler is already a firm commitment – and is scheduled to be completed by the end of 2014.
“This 7.5km rail extension will see a new station constructed in the Butler Town Centre. The developer of the land surrounding the new rail station will provide high/medium density mixed use development around the station. A park and ride facility for 1,000 bays and a bus transfer facility are included as part of the project,” says the Department of Transport’s Public Transport for Perth in 2031 report.
Butler, therefore, looks like one to watch in terms of the more immediate effects of Perth’s infrastructure improvements.
“It’s a very good thing that it’s coming through. They’re proposing a new shopping centre, so that should bring in a lot of new business,” says Professionals, Northern Coast, marketing consultant Goran Pavusek.
“The whole of Butler is going to benefit from the railway station. I’ve already had people enquiring to ask when it’s going to be done by,” he adds. “A lot of people have been enquiring, which is a good sign, so I think it will be good for the market.”
Butler offers a mix of three- and four-bedroom, two-bathroom homes, as well as cottage blocks, says Pavusek, which appeal to families and young couples respectively – and these are the two key sets of demographics that make up the suburb’s tenant base.