Property investors who have had real estate in Bassendean, 6054 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.98%
The five-year average increase in median property values for Bassendean,6054 has given property investors a potential capital gain of 7.79% across each of those five years.
Property investors should expect to get $360 weekly from the median priced house in this suburb.
With a capital gain of 3.17% for the last 12 months, Bassendean, 6054 has performed for property investments than its average annual 0.59% property growth over the last 5 years.
Over the longer term, Bassendean has seen property prices show investors a -14.82% return over the last 3 years. This is an improvement over the last 12 months
Advertised rents are around the $300 mark per week – giving a return of 4.56% based on the median price in Suburb
Investors looking to buy at the bottom should probably keep an eye on Perth’s Bassendean.Full summary
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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.