If you compare the increase in value of investment property in West Busselton, 6280 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -0.23%.
Taking the average capital gain, or increase in median house value, West Busselton,6280 has racked up an average of -0.23% over the period. This ranks it number 3097th in the whole country for real estate investors looking at median house price increases.
West Busselton6280 is located in WA which offers an average discount of -8.08% to property investors. West Busselton itself is showing figures that indicate -6.25% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $367.5 mark per week – giving a return of 4.35% based on the median price in Suburb
Property value increases in West Busselton have tracked higher than the WA average of -4.39% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, West Busselton comes in at number 11th in WA.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
Information supplied by:June 2017
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As a neighbour of the regional city of Busselton, the suburb of West Busselton enjoys the spillover of demand from the CBD.Full summary
Busselton neighbour maximises demand from the city
Median house price: $439,500
Three-year growth: 9.88%
Rental yield: 4.38%
As a neighbour of the regional city of Busselton, the suburb of West Busselton enjoys the spillover of demand from the CBD.
West Busselton’s houses are more affordable at under $440,000, and despite a hiccup in the March 2017 quarter, growth has generally been positive in recent years. The average rental yield is 4.4%, a good figure for investors. The average vacancy rate is also quite low at under 2%, suggesting that there is a strong chance of getting a regular stream of tenants.
The Busselton Health Campus is located in West Busselton, along with a surgery. There’s also a primary school. With Busselton being only a five-minute drive away, residents can easily avail of the city’s amenities, including high schools and the South Regional TAFE campus.
Original post: http://www.yourinvestmentpropertymag.com.au/top-suburbs/WA-6280-west-busselton.aspx