Bibra Lake has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -5.93% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Bibra Lake comes in at number 165th in WA.
At number 335th of WA’s most discounted properties, Bibra Lake is in the TOP 20% of the state/territory when listing in order of most discounted to least.
If we look at median property appreciation over just the last three months, Bibra Lake has given property investors a paper return of -4.14%. This puts Suburb as 96 on a list of fastest fasting appreciating suburbs in WA
With the median price for a house in Bibra Lake being $289500 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 6.29%
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On the surface, Bibra Lake would seem like a fish out of the water. Its $460,000 median house price is almost belittled by its direct neighbours such as Leeming, Murdoch and Jandakot, which are all priced above $600,000.
Delve a little closer to Bibra Lake’s shores and the difference becomes even more remarkable. Some 15km from the Perth CBD, Bibra Lake houses are not substantially smaller or worse placed than any neighbouring areas. There are no landfill sites, noisy thoroughfare traffic or public housing to justify the gapping difference in prices – at least not anymore. Once a light industrial area, the suburb’s industry is being scaled back and in its place a popular residential suburb is emerging. Lately, houses are being sold fairly quickly here – just 71 days on the market. Those properties that are within the hands of owners are tightly held, only 0.12% of properties in the suburb are on the market.
The real kicker for the suburb is that, despite being cheaper than its neighbours, it is actually closer to the majority of recreational facilities within this region of Perth. Bibra Lake is the location for several major private recreation facilities, including Adventure World Theme Park, a bungee jumping tower, an ice arena, paintball and laser tag operations and, not least of all, a lake with a surrounding green area popular with families.
Greg Chapman, a real estate agent within the area, says another thing to consider is that the area will soon be the location of the new Fiona Stanley Hospital – which he says should be enough to get investors excited as hospital staff search for properties close to their workplace.
Popular recreational area
Soon to be built hospital