Suburb Profile Report for Nedlands WA (6009)

Nedlands House: Median price $1,440,000, Annual capital growth 0.83%, Number of sales 147, Weekly median advertised rent $650

Nedlands Unit: Median price $602,500, Annual capital growth -1.33%, Number of sales 26, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Nedlands has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.00%

The five-year average increase in median property values for Nedlands,6009 has given property investors a potential capital gain of -6.19% across each of those five years.

Our latest figures would indicate that property sellers in Nedlands are currently offering property investors an average price cut of -8.43% below the asking price at the moment.

The WA suburb of Nedlands, 6009 is in the Nedlands local government area.

If you compare the increase in value of investment property in Nedlands, 6009 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was 4.78%.

The five-year average increase in median property values for Nedlands,6009 has given property investors a potential capital gain of -12.04% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Nedlands is offering property investors an average of -8.43. This rate of discount on properties puts Suburb at number 13th in terms of most discounted suburbs in WA

At number 714 in a list of fastest selling suburbs, Nedlands is just in the top half of suburbs in Australia with an average of days on market 74.55 for properties listed there.

Nedlands, 6009’s gross rental yield is 3.45%

YIP MAG Information supplied by:

YIP MAG
May 2016

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There are some fantastic amenities in or close to this suburb, which makes it really popular with both professionals and familiesFull summary While it’s home to what would appear to be some relatively attractive infrastructure, the unit market in Nedlands seems to have hit a rough patch.

The median unit price in the suburb sits at a respectable $587,500; however, that is likely to fall given current trends.

The median price has dropped 15% this year, according to CoreLogic RP Data, and by 2% over the past five.

Sales are slow, with units spending on average 64 days on the market and vendors offering discounts of 9%.

While Nedlands is currently struggling, the suburb has some qualities that might make it a good location to look at when the market bottoms out.

The University of Western Australia is immediately to the east of Nedlands, while the expansive QEII Medical Centre is to the north.

There are also a number of nearby train stations linking the suburb to the rest of Perth.Close
Metrics i HOUSE UNIT
$1,440,000 $602,500
-3.71% N/A
-4.00% 4.78%
0.83% -1.33%
$650 $400
147 26
2.35% 3.45%
74.16 74.55

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 10183
Median household income ($/weekly) 2342
Median age of persons 39
Median housing loan repayment ($/monthly) 2975
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1356 13.3
    20-24 years 1029 10.1
    35-44 years 1189 11.7
    45-54 years 1464 14.4
    55-64 years 1292 12.7
    Others 3853 37.8
    Age Group
    Census Count Percent(%)
    Registered Married 3855 51.7
    Not Married 3200 42.9
    Defacto Relationship 402 5.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6261 64.3
    Malta 354 3.6
    Singapore 217 2.2
    United Kingdom 973 10.0
    Other 521 5.4
    Others 1410 14.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 255 2.7
    Christianity 5753 61.2
    Hinduism 141 1.5
    Islam 146 1.6
    No Religion 2979 31.7
    Others 120 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 198 6.4
    $1,500-$1,999 292 9.4
    $2,500-$2,999 564 18.1
    $3,000-$3,499 298 9.6
    $4,000 or more 463 14.8
    Others 1303 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2796 35.2
    Not in the labour force 2727 34.3
    Employed, worked part-time 1925 24.2
    Employed, away from work 292 3.7
    Unemployed, looking for work 211 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 822 16.4
    Professionals 2330 46.5
    Community & personal service workers 363 7.2
    Clerical & administrative workers 575 11.5
    Sales 376 7.5
    Others 547 10.9
    Occupation
    Census Count Percent(%)
    Pre-school 169 5.1
    Infants/Primary 936 28.5
    Secondary 662 20.2
    Technical or Further Educational Institution 114 3.5
    University or other Tertiary Institutions 1352 41.2
    Others 52 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7719 81.8
    Semi-detached, row or terrace house, townhouse 1048 11.1
    Flat, unit or apartment 664 7.0
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1441 41.5
    Being purchased 991 28.5
    Rented 984 28.3
    Other tenure type 56 1.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals