Burswood is in the bottom 10% in WA when comparing median price capital growth over the last year. Burswood gave property investors a dismal capital gain figure when compared to the rest of the state, with -18.13%.
Over the longer term, Burswood has seen property prices show investors a -24.43% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for Burswood is $835025, with sellers offering an average of -10.87% off the asking price.
Renters in Suburb are facing rents around $27820 per annum or $535 every week.
Burswood is in the TOP 10% in WA when comparing median price capital growth over the last year. Burswood gave property investors a very good capital gain figure when compared to the rest of the state, with 15.50%.
When looking at the potential capital gains offered to property investors over the last 3 years, Burswood comes in at number 10th in WA.
Burswood, 6100 is offering WA ‘s 11th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this WA.
At number 1109 in a list of fastest selling suburbs, Burswood is in the bottom 20% of suburbs in Australia with an average of days on market 106.235 for properties listed there.
The WA suburb of Burswood, 6100 is in the Victoria Park (T) local government area.
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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.