Suburb Profile Report for Shenton Park WA (6008)

Shenton Park House: Median price $1,240,000, Annual capital growth 3.08%, Number of sales 58, Weekly median advertised rent $650

Shenton Park Unit: Median price $445,000, Annual capital growth 3.20%, Number of sales 27, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

WA has seen average median house prices change by -3.78% which means that Shenton Park, 6008 has not done well for property investors by showing a capital gain of 10.22% over the last year

Taking the average capital gain, or increase in median house value, Shenton Park,6008 has racked up an average of 10.22% over the period. This ranks it number 3149th in the whole country for real estate investors looking at median house price increases.

At number 313th of WA’s most discounted properties, Shenton Park is in the TOP 30% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.

The WA suburb of Shenton Park, 6008 is in the Subiaco local government area.

Giving property investors a a poor capital gain of -16.82% for the last year, Shenton Park, 6008 is the 1661th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Shenton Park comes in at number 96th in WA.

Shenton Park, 6008 is offering WA ‘s 95th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this WA.

Residents and property investors in Shenton Park have been waiting around 59.95 days to sell a property.

Shenton Park is 71th on a list of best yielding suburbs for rents in WA with a 4.27% return

Momentum Wealth Information supplied by:

Momentum Wealth
Momentum Wealth

M 9221 6399
O

W www.momentumwealth.com.au
E info@momentumwealth.com.au
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
$1,240,000 $445,000
-1.98% -8.25%
10.22% -16.82%
3.08% 3.20%
$650 $365
58 27
2.73% 4.27%
47.57 59.95

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
Find a mortgage broker in Shenton Park WA
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
Chart Table
Recent sales & rentals