Five years ago, the mortgage brokers at Smartline Rockingham were here for the beginning of Baldivis becoming a “hot” suburb. Since 2010, the median price of homes in Baldivis has more than doubled from $202,000 in 2010 to $460,000 in 2014. When compounding is taken into consideration, the annual growth rate averaged 18.5%.
Baldivis is currently rated the #7 Perth suburb for property investors. Property investors love Baldivis because the median price for a home is still less than the median price for the Perth market overall, which was $558,167 in December 2014 and fell slightly to $545,000 in February 2015.
More Baldivis Stats
Besides the annual growth of 18.5% and the median home price of $460,000, there are plenty of other reasons why Baldivis is so popular with investors. The median rent is $420 a week, producing an average rental yield of 4.7% and an estimated monthly cash flow of $287 per month. Rental demand is currently average, with an average of 112 visits per house.
The Baldivis Lifestyle
Baldivis is a small, family-friendly town. It is 46 km south of Perth with easy access to the Perth CBD via the Kwinana Freeway. In 2011, the population was 15,883 according to the census and in 2015 it’s over 26,000. It combines the relaxed, friendly lifestyle of small town living with an ease of access to all of the infrastructure and amenities of a capital city.
Those who don’t want to go into Perth to shop can visit the Baldivis Town Centre and the Baldivis Shopping Centre. If you want to experience the seachange lifestyle of Rockingham, it is only 11 km away. Both Baldivis and Rockingham are in the “expansion mode” right now, with more shopping and restaurants to arrive soon.
Call Us Today
If you want to learn more about Baldivis and get prequalified for a home loan, talk to a mortgage broker at Smartline Rockingham today: (08) 9527 1800.