Bullsbrook, Glendalough great for rents

 

By reiwa.com and www.communitynews.com.au

 

Investors looking for a good rental return on their investment would do well to consider buying a house in Bullsbrook or a unit in Glendalough.

 

They topped REIWA’s lists of the best performing suburbs for rental yield for houses and units in the 12 months to April 2018. Both suburbs offered a 5.9% rental yield, which is a measure of the annual rental income generated by an investment property as a percentage of its value.

 

The higher the yield, the better the annual return for an investor. By comparison the rental yield for houses for the Perth Metro Region was 3.6% and 4.1% for units.

 

Whether they are looking for a house or unit, something close to the city or along the coast, there are plenty of affordable opportunities for investors; 19 of the suburbs identified by REIWA have median house or unit prices below the Perth medians.

 

When it came to houses, Medina was the most affordable suburb with a median house price of $240,000. It offered a rental yield of 5.4% based on a weekly median rent of $250. Stratton was the most expensive with a median house price of $340,000. Rockingham was the most affordable for units with a median unit price $242,500 offering a yield of 5.8% based on a weekly median rent of $270. Innaloo had a median unit price of $405,000

 

Top 10 Suburbs for Rental Yield – Units

Suburb                   Median Unit Price               Median weekly Rent          Rental Yield          Ave. Days to Lease

Glendalough         $243,250                               $275                                      5.9%                       49

Rockingham          $242,500                               $270                                      5.8%                       54

Nollamara              $296,000                               $320                                      5.6%                       53

Queens Park         $288,000                               $310                                      5.6%                       50

Belmont                 $315,000                               $320                                      5.3%                       54

Midland                 $281,000                               $280                                      5.2%                       65

Innaloo                   $405,000                               $400                                      5.1%                       47

Rivervale               $349,475                               $330                                      4.9%                       51

Balcatta                  $355,000                               $330                                      4.8%                       56

Cannington            $345,000                               $320                                      4.8%                       54

Perth Metro         $403,000                               $320                                      4.1%                       52

 

Top 10 Suburbs for Rental Yield – Houses

 

Bullsbrook             $320,000                               $360                                       5.9%                       52

Medina                  $240,000                               $250                                       5.4%                       53

Parmelia                $267,000                               $270                                       5.3%                       52

Armadale               $250,000                               $250                                       5.2%                       61

Cooloongup          $282,500                               $280                                       5.2%                       58

Maddington          $308,000                               $300                                       5.1%                       55

Stratton                  $334,000                               $320                                       5.0%                       55

Camillo                   $261,500                               $250                                       5.0%                       62

Warnbro                $317,500                               $300                                       4.9%                       62

Merriwa                 $320,000                               $298                                       4.8%                       59

Perth Metro         $521,500                               $359                                       3.6%                       49

                                               

 

 

 

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