Bentley has had a very poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -8.99% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bentley has fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Bentley 6102 should be seeing an average reduction in asking price of around -8.73% . This means that Bentley is holding prices well when compared to other suburbs in WA.
Bentley, 6102’s gross rental yield is 4.62%
At number 1219th in the list of Australian suburbs ordered by increase in median house value over the last year, Bentley, 6102 is in the BOTTOM 30% with a property value increase of -7.58% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Bentley comes in at number 23th in WA.
Bentley, 6102 is offering WA ‘s 8th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this WA.
In the last year 35 properties changed hands in Bentley, which puts it as the 52th most active market in WA when comparing the number of sales per suburb.
The WA suburb of Bentley, 6102 is in the Canning (C) local government area.
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Tech centre minimises downturn
Median house price: $480,000
Three-year growth: -9.4%
Rental yield: 3.8%
A hub for technology universities and offices, Bentley’s popularity with students and employees could be keeping declines to a minimum.
The suburb is home to Curtin University of Technology’s main campus, Vose Seminary, Polytechnic West and Canning College. Thus, it attracts many international students to the area. Bentley is also the site of Technology Park, which houses the offices and research facilities of numerous companies and government departments.
While house prices still dipped over the past year leading up to July 2017, they did so by just 0.6%. The median value remains reasonably low at under $500,000, which could help maintain demand since the suburb is well-stocked with conveniences like a shopping centre and dining establishments. Public transport via several bus routes is available as well.