Booragoon, 6154 ranked 56th in WA when comparing growth in median property values or capital gain over the last 12 months. Booragoon is one of 1662 in our list for WA
Across a shorter period, Booragoon, 6154 has seen a median price increase of 4.17% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Booragoon is offering property investors an average of -8.58. This rate of discount on properties puts Suburb at number 100th in terms of most discounted suburbs in WA
A $450 per week rent on the median house gives suburb investors a gross yield of circa 2.64%, without taking into account capital value appreciation, which has been averaging out at 1.94%.
At number 631th in the list of Australian suburbs ordered by increase in median house value over the last year, Booragoon, 6154 is in the top half with a property value increase of -0.49% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Booragoon comes in at number 41th in WA.
With the median price for a house in Booragoon being $505000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 4.07%