Over the last year, property investments in Bicton, 6157 have given investors a capital gain of -5.82%. This compares badly with the -2.18% for WA as a whole.
Over the longer term, Bicton has seen property prices show investors a 8.10% return over the last 3 years. This is worse than over the last 12 months
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.59% offered to property buyers. Sellers in Bicton itself are offering an average vendor discount of -6.06% to real estate investors.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 2.37%, investors should hope to achieve an overall return of 2.73%
Giving property investors a a stable capital gain of 1.38% for the last year, Bicton, 6157 is the 513th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bicton has fallen somewhat when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -9.76% to buyers in Bicton at the moment, which is less than average for the rest of WA.
Bicton, 6157’s gross rental yield is 4.01%