Suburb Profile Report for Nedlands WA (6009)

Nedlands House: Median price $1,495,500, Annual capital growth 2.32%, Number of sales 140, Weekly median advertised rent $675

Nedlands Unit: Median price $595,000, Annual capital growth -2.06%, Number of sales 23, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Nedlands have tracked just higher than the WA average of -4.99% over the last 12 months.

While Nedlands,6009 ranked number 173th in WA for increase in median house value (annualised) increase, it is ranked 316th over the last 5 years.

Nedlands6009 is located in WA which offers an average discount of -8.21% to property investors. Nedlands itself is showing figures that indicate -8.53% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 11.67 sales per month, which equates to 140 per year.

Situated 5.99km from the CBD, Nedlands is one of Nedlands localities in the postcode 6009.

Nedlands has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 3.48% to date .

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

Nedlands6009 is located in WA which offers an average discount of -8.08% to property investors. Nedlands itself is showing figures that indicate -10.19% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.

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
HOUSE UNIT
$1,495,500 $595,000
-0.30% 5.78%
-1.93% 3.48%
2.32% -2.06%
$675 $400
140 23
2.35% 3.50%
80.6 91.12

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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
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Recent sales & rentals