Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,060,000.
The upward trend in home prices in BEDFORD, 6052 averaged 12.7% per annum over a 3-year period.
Average weekly rents on listings have reached the $750 mark, reflecting a 3.68% increase in returns based on the current median price in BEDFORD.
An average of 9.25 real estate transactions take place per month in BEDFORD which translates to 111 per annum.
111 properties were sold in BEDFORD in 2016, making it the 497th most active market in WA based on total real estate transactions.
BEDFORD, 6052 places 422nd in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $650,000.
Investors saw the median home price rise to $650,000.
The upward trend in home prices in BEDFORD, 6052 averaged 13.26% per annum over a 3-year period.
BEDFORD now ranks at the 160th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BEDFORD are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $655 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BEDFORD, homes and units usually stay on listing for an average of 16.8 days.
11 properties were sold in BEDFORD in 2016, making it the 161st most active market in WA based on total real estate transactions.