Across a shorter period, Burswood, 6100 has seen a median price increase of 14.58% over the last quarter.
Sellers are offering property buyers an average discount of -3.33% to buyers in Burswood at the moment, which is less than average for the rest of WA.
At number 3560 in a list of fastest selling suburbs, Burswood is in the bottom 20% of suburbs in Australia with an average of days on market 114.33 for properties listed there.
Burswood, 6100’s gross rental yield is 2.34%
Burswood, 6100 ranked 74th in WA when comparing growth in median property values or capital gain over the last 12 months. Burswood is one of 1662 in our list for WA
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Burswood has fallen somewhat when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Burswood, 6100. Typically our figures indicate that -5.97% is being offered, which puts this WA suburb at 655th most discounted overall in Australia.
An inner south-eastern suburb of Perth, Burswood is home to a number of major amenities and attractions, including the sprawling Crown Perth casino and hotel complex, as well as the State Tennis Centre and the Belmont Park RacecourseFull summary
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Tenants favour CBD proximity
Median unit price: $746,500
Three-year growth: 13.1%
Rental yield: 3.4%
An inner south-eastern suburb of Perth, Burswood is home to a number of major amenities and attractions, including the sprawling Crown Perth casino and hotel complex, as well as the State Tennis Centre and the Belmont Park Racecourse.
It’s also the site of the new Perth Stadium, a 60-000-seat oval that is due to open early in 2018. The hefty new piece of infrastructure, which was constructed at a cost of $1.4bn to $1.6bn, already has a number of high profile sporting events and concerts locked in.
Here, two-bedroom units are sought after by local renters who are employed in the above-mentioned businesses as it’s close to the CBD, with many high-rise apartments offering stunning views of the Perth skyline and the Swan River.