Bullsbrook, Glendalough among Perth’s top performing suburbs for investors

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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 per cent 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 per cent and 4.1 per cent for units.

Whether they are looking for house or units, 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 per cent based on a weekly median rent of $250.

Stratton was the most expensive with a median house price of $334,000.

Rockingham was the most affordable for units with a median unit price of $242,500 offering a yield of 5.8 per cent based on a median weekly rent of $270.

Innaloo was the most expensive, with a median unit price of $405,000.