At number 3692th in the list of Australian suburbs ordered by increase in median house value over the last year, Burswood, 6100 is in the BOTTOM 10% with a property value increase of -8.98% recorded in median house prices.
While Burswood,6100 ranked number 414th in WA for increase in median house value (annualised) increase, it is ranked 9th over the last 5 years.
In the last year 12 properties changed hands in Burswood, which puts it as the 433th most active market in WA when comparing the number of sales per suburb.
Situated 3.89km from the CBD, Burswood is one of Victoria Park (T) localities in the postcode 6100.
If you compare the increase in value of investment property in Burswood, 6100 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -9.23%.
Across a shorter period, Burswood, 6100 has seen a median price increase of -1.60% over the last quarter.
Property buyers and investors in Burswood 6100 should be seeing an average reduction in asking price of around -9.00% . This means that Burswood is holding prices well when compared to other suburbs in WA.
Advertised rents are around the $450 mark per week – giving a return of 3.80% based on the median price in Suburb
Information supplied by:
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.