Suburb Profile Report for Shenton Park WA (6008)

Shenton Park House: Median price $1,237,500, Annual capital growth 3.47%, Number of sales 52, Weekly median advertised rent $660

Shenton Park Unit: Median price $447,500, Annual capital growth 3.34%, Number of sales 26, Weekly median advertised rent $378

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Shenton Park, 6008 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.00%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Shenton Park has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Shenton Park should be aiming for at least -5.89% off the asking price, which is the average vendor discount being achieved at the moment.

At number 613 in a list of fastest selling suburbs, Shenton Park is in the TOP 20% of suburbs in Australia with an average of days on market 50.65 for properties listed there.

Property investors should expect to get $660 weekly from the median priced house in this suburb.

Giving property investors a a poor capital gain of -14.35% for the last year, Shenton Park, 6008 is the 1625th highest performer in Australia in this respect.

Shenton Park,6008 has offered an average of -14.35% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Shenton Park is offering property investors an average of -8.71. This rate of discount on properties puts Suburb at number 95th in terms of most discounted suburbs in WA

Renters in Suburb are facing rents around $4530 per annum or $377.5 every week.

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Property value increases in Shenton Park have tracked close to the WA average of 4.41% over the last 12 months.

Across a shorter period, Shenton Park, 6008 has seen a median price increase of -1.16% over the last quarter.

Sellers are offering property buyers an average discount of -9.67% to buyers in Shenton Park at the moment, which is less than average for the rest of WA.
With the median price for a house in Shenton Park being $1062500 and the advertised rent reaching $795 the gross rental yield for property investors calculates out to be 3.89%Full summary
Property value increases in Shenton Park have tracked close to the WA average of 4.41% over the last 12 months.
 
Across a shorter period, Shenton Park, 6008 has seen a median price increase of -1.16% over the last quarter.
 
Sellers are offering property buyers an average discount of -9.67% to buyers in Shenton Park at the moment, which is less than average for the rest of WA.
With the median price for a house in Shenton Park being $1062500 and the advertised rent reaching $795 the gross rental yield for property investors calculates out to be 3.89%
 
Selling points: 
Shenton Park’s proximity to the main activity centres of West Perth/Subiaco (1.5km) and the Perth CBD (3km) are the main drawcards. The train line runs along the northern border of the suburb making it highly accessible. The area is tightly held with little supply entering the market making it an exclusive suburb.
 
Most sought-after properties: 
Older aged character houses on larger blocks of 600+ square metres. 
 
Most common properties:  
The area is dominated by older aged character houses on 500sqm blocks. 
 
Top amenities: 
The train line at the north of the suburb is a great access link to the CBD to the east and to Claremont and Cottesloe to the west. Retail and commercial land uses are found along Onslow St, Nicholson Road and Rokeby Road.
 
Local industry and business:
Charlie Gardiner Hospital is located on the southern border of the suburb. Subiaco and West Perth are just north of the suburb and are major employment hubs of Perth.
 
Recent changes: 
A $26 million state netball centre in the neighbouring suburb of Jolimont is expected to be completed in 2014.  A $1.2 billion Children’s Hospital in Nedlands is planned to be completed in 2015. These two large projects are adding to the amenities and infrastructure in the area. 
Best streets: 
The streets in short walking distance to the train stations.
 
Public transport: 
About 9 out of 10. The train is a short walk from most residential premises in the suburb. Buses are highly frequent along Derby Rd and Nicholson Rd.
 
Main arteries: 
Thomas Street and Railway Road run the peripheries of the suburb with Nicholson road being the major road dissecting the suburb.
Close
Metrics i HOUSE UNIT
$1,237,500 $447,500
-1.79% -10.95%
10.00% -14.35%
3.47% 3.34%
$660 $378
52 26
2.77% 4.39%
50.65 53.66

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 4351
Median household income ($/weekly) 1869
Median age of persons 39
Median housing loan repayment ($/monthly) 2600
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 493 11.3
    25-34 years 599 13.8
    35-44 years 584 13.4
    45-54 years 606 13.9
    55-64 years 603 13.9
    Others 1465 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 1462 47.4
    Not Married 1334 43.3
    Defacto Relationship 288 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2696 65.3
    Papua New Guinea 87 2.1
    South Africa 71 1.7
    United Kingdom 513 12.4
    Other 232 5.6
    Others 528 12.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 90 2.3
    Christianity 2153 54.9
    Islam 41 1.0
    Judaism 39 1.0
    No Religion 1549 39.5
    Others 52 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 97 6.5
    $1,500-$1,999 159 10.6
    $2,500-$2,999 262 17.4
    $3,000-$3,499 140 9.3
    $4,000 or more 161 10.7
    Others 684 45.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1359 40.3
    Not in the labour force 1071 31.8
    Employed, worked part-time 727 21.6
    Employed, away from work 143 4.2
    Unemployed, looking for work 72 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 291 13.1
    Professionals 1093 49.0
    Technicians & trades workers 149 6.7
    Community & personal service workers 166 7.4
    Clerical & administrative workers 249 11.2
    Others 281 12.6
    Occupation
    Census Count Percent(%)
    Pre-school 77 6.9
    Infants/Primary 355 31.9
    Secondary 202 18.1
    Technical or Further Educational Institution 62 5.6
    University or other Tertiary Institutions 393 35.3
    Others 25 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2972 76.8
    Flat, unit or apartment 474 12.2
    Semi-detached, row or terrace house, townhouse 421 10.9
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 634 37.9
    Fully owned 571 34.1
    Being purchased 451 26.9
    Other tenure type 19 1.1
    Tenure Type
Census 2011, ABS
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