Bassendean

POSTAL CODE: WA, 6054

HOUSE

UNIT

Property investors have seen a 4.09% gain in BASSENDEAN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on BASSENDEAN, 6054 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 14.1%.

Based on its average 5-year and quarterly capital gains BASSENDEAN, 6054 saw average growth in the long term.

The WA 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 $890,000

Profits averaged 16% per annum over a 3-year period, due to an upward trend in home prices in BASSENDEAN, 6054.

This means, real estate investors could earn a rental income of $722.5 based on current median home prices for the suburb.

The gross rental yield in BASSENDEAN, 6054 is 4.22%.

An average of 16.92 real estate transactions take place per month in BASSENDEAN which translates to 203 per annum.

Property investments in BASSENDEAN fare well against the rest of the country last year, registering a median home price increase of 14.16%.

Figures from the previous quarter show that capital gains for real estate buyers in BASSENDEAN are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains BASSENDEAN, 6054 saw average growth in the long term.

This means, real estate investors could earn a rental income of $650 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 BASSENDEAN, homes and units usually stay on listing for an average of 17 days.

the WA 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 $582,500

Investors saw the median home price rise to $582,500.

BASSENDEAN ranks 44th on the list of best yielding suburbs for rental properties in WA, posting a 5.8% return.

Surburb overview

Bassendean is a northeastern suburb of Perth, Western Australia, approximately 12 kilometres from the central business district. It is part of the local government area of the Town of Bassendean. It is bordered by the Swan River on two sides, offering residents picturesque river views and recreational opportunities.

Established in 1829 as a small settlement called West Guildford, the area was renamed Bassendean in 1922. The suburb has a rich history, with eleven significant historical buildings on the State Register of Heritage Places.

As of the 2021 census, Bassendean had a population of 10,313 residents. The community comprises a mix of families, professionals, and retirees, contributing to a diverse demographic profile.

Bassendean offers several parks and green spaces, including Sandy Beach Reserve and Point Reserve, providing residents with venues for outdoor activities and community events.

The suburb features a variety of local shops, cafes, and restaurants, particularly along Old Perth Road, offering a range of dining and shopping options.

Bassendean is home to community centres, libraries, and recreational facilities catering to diverse interests and age groups, fostering a strong community engagement.

Educational institutions in Bassendean include Bassendean Primary School and Cyril Jackson Senior Campus, catering to primary and secondary education needs.

Bassendean is well-served by public transportation. The Bassendean Train Station is located on the Midland Line, providing easy access to Perth's central business district and surrounding areas. Additionally, bus services connect residents to nearby amenities and neighbouring suburbs.

Bassendean's combination of historical charm, natural beauty, and modern amenities makes it a desirable suburb within the Perth metropolitan area.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$890,000	$582,500
Growth Report
Median Quarterly	4.09%	2.19%
Median 12 month	14.1%	14.16%
Median 3 years	48.33%	54.3%
Median 5 years	79.8%	106.19%
10 years average annual	5.31%	5.35%
Weekly media advert. rent	$723	$650
Time on Market	30 days	17 days
Gross Rental Yield Percent	4.22%	5.8%

Demographics (Median Values)*

Total Population 20378

Weekly Household Income 1415

Household Size 2.50

Average Age 38

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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