Beresford

POSTAL CODE: WA, 6530

HOUSE

UNIT

BERESFORD, 6530 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling BERESFORD, 6530 values up and netting property investors a capital gain of 37.75% for the past year.

Investors saw the median home price rise to $551,000.

Profits due to an upward trend in home prices in the suburb averaged 12.58% per annum over a 3-year period.

BERESFORD now ranks at the 427th 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 BERESFORD are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $500 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BERESFORD, homes and units usually stay on listing for an average of 55.2 days.

In 2016, 40 properties were sold in BERESFORD during the past year, making it the 188th most active market in WA based on total real estate transactions.

BERESFORD ranks 59th in WA when it comes to estimated capital gains experienced by property investors over the past three years.

BERESFORD, 6530 has a capital gain of 5.03% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in BERESFORD sitting at $240,000, and the average rent at $392.5, property owners could potentially earn a 8.5% increase in gross rental yield.

Property investors have seen a -2.04% drop in BERESFORD based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that BERESFORD, 6530 obtained a 14.79% growth over a ten-year period. It ranks 1511th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$551,000	$240,000
Growth Report
Median Quarterly	0.64%	-2.04%
Median 12 month	37.75%	5.03%
Median 3 years	37.75%	62.71%
Median 5 years	86.78%	0%
10 years average annual	7.28%	14.79%
Weekly media advert. rent	$500	$393
Time on Market	55.2 days	20.8 days
Gross Rental Yield Percent	4.72%	8.5%

Demographics (Median Values)*

Total Population 32455

Weekly Household Income 1320

Household Size 2.50

Average Age 38

Monthly Loan Repayment 1690

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

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