Over the last year, property investments in Bentley, 6102 have given investors a capital gain of -5.00%. This compares averagely with the -2.74% for WA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Bentley comes in at number 339th in WA.
Sellers are offering property buyers an average discount of -10.45% to buyers in Bentley at the moment, which is less than average for the rest of WA.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.26%, without taking into account capital value appreciation, which has been averaging out at 0.88%.
Bentley, 6102 ranked 47th in WA when comparing growth in median property values or capital gain over the last 12 months. Bentley is one of 1662 in our list for WA
Taking the average capital gain, or increase in median house value, Bentley,6102 has racked up an average of -5.15% over the period. This ranks it number 1309th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Bentley is $322500, with sellers offering an average of -10.09% off the asking price.
In the last year 38 properties changed hands in Bentley, which puts it as the 41th most active market in WA when comparing the number of sales per suburb.
Situated 8.08km from the CBD, Bentley is one of Canning (C) localities in the postcode 6102.
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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.