With a capital gain of -0.52% for the last 12 months, Bassendean, 6054 has performed for property investments than its average annual 1.23% property growth over the last 5 years.
Bassendean,6054 has offered an average of -0.52% return per annum in house price rises to property investors over the last three years.
The most recent median price for Bassendean is $480000, with sellers offering an average of -7.68% off the asking price.
Residents and property investors in Bassendean have been waiting around 74.7586 days to sell a property.
Renters in Suburb are facing rents around $19760 per annum or $380 every week.
At number 1323th in the list of Australian suburbs ordered by increase in median house value over the last year, Bassendean, 6054 is in the BOTTOM 20% with a property value increase of -10.94% recorded in median house prices.
Over the longer term, Bassendean has seen property prices show investors a -14.93% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -6.47% to buyers in Bassendean at the moment, which is less than average for the rest of WA.
At number 1297 in a list of fastest selling suburbs, Bassendean is in the bottom 10% of suburbs in Australia with an average of days on market 125.25 for properties listed there.
Situated 10.36km from the CBD, Bassendean is one of Bassendean (T) localities in the postcode 6054.
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Investors looking to buy at the bottom should probably keep an eye on Perth’s Bassendean.
Around a 20-minute drive northeast of the Perth CBD, units in the suburb already have a relatively affordable median price of $328,000, and from market conditions it looks like that will come down further.
According to CoreLogic RP Data, the median price has fallen 17% in the last 12 months and is down 22% over the last three years.
Prices may not currently be performing, but the suburb does have some qualities that may make it one to keep track of.
Nowhere in Bassendean is too far from public transport, with three train stations in the suburb.
While there are few schools here, neighbouring suburbs offer a range of public and private options, and there is a major shopping centre in nearby Morley.
Bassendean sits on the banks of Swan River, but those who buy for water views may have to put up with aircraft noise due to its proximity to Perth airport.