With a capital gain of 4.26% for the last 12 months, Bassendean, 6054 has performed for property investments than its average annual 1.93% property growth over the last 5 years.
The five-year average increase in median property values for Bassendean,6054 has given property investors a potential capital gain of -8.41% across each of those five years.
Property investors looking for a bargain in Bassendean should be aiming for at least -9.58% off the asking price, which is the average vendor discount being achieved at the moment.
Bassendean is 303th on a list of best yielding suburbs for rents in WA with a 3.93% return
Investment property in Bassendean has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.56%
Taking the average capital gain, or increase in median house value, Bassendean,6054 has racked up an average of -1.56% over the period. This ranks it number 1095th in the whole country for real estate investors looking at median house price increases.
Bassendean, 6054 is offering WA ‘s 66th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this WA.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
Bassendean is 47th on a list of best yielding suburbs for rents in WA with a 5.45% return
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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.