Suburb Profile Report for Wembley WA (6014)

Wembley House: Median price $955,000, Annual capital growth 4.19%, Number of sales 125, Weekly median advertised rent $638

Wembley Unit: Median price $320,000, Annual capital growth 4.62%, Number of sales 98, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -11.16% for the last 12 months, Wembley, 6014 has performed for property investments than its average annual 4.19% property growth over the last 5 years.

Over the longer term, Wembley has seen property prices show investors a 3.80% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wembley, 6014. Typically our figures indicate that -7.41% is being offered, which puts this WA suburb at 1014th most discounted overall in Australia.

Residents and property investors in Wembley have been waiting around 61.13 days to sell a property.

With the median price for a house in Wembley being $955000 and the advertised rent reaching $637.5 the gross rental yield for property investors calculates out to be 3.47%

At number 1471th in the list of Australian suburbs ordered by increase in median house value over the last year, Wembley, 6014 is in the BOTTOM 20% with a property value increase of -6.43% recorded in median house prices.

If we look at median property appreciation over just the last three months, Wembley has given property investors a paper return of 1.59%. This puts Suburb as 17 on a list of fastest fasting appreciating suburbs in WA

Property buyers and investors in Wembley 6014 should be seeing an average reduction in asking price of around -8.42% . This means that Wembley is holding prices well when compared to other suburbs in WA.

HOUSE UNIT
$955,000 $320,000
-2.05% 1.59%
-11.16% -6.43%
4.19% 4.62%
$638 $300
125 98
3.47% 4.88%
61.13 86.59

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 10553
Median household income ($/weekly) 1585
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1260 11.9
    25-34 years 2026 19.2
    35-44 years 1715 16.3
    45-54 years 1307 12.4
    55-64 years 929 8.8
    Others 3316 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 3521 46.5
    Not Married 3241 42.8
    Defacto Relationship 802 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6294 64.0
    Indonesia 436 4.4
    Papua New Guinea 217 2.2
    United Kingdom 835 8.5
    Other 667 6.8
    Others 1393 14.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 244 2.6
    Christianity 5812 61.1
    Hinduism 405 4.3
    Islam 174 1.8
    No Religion 2764 29.1
    Others 109 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 326 8.4
    $1,000-$1,249 298 7.7
    $1,500-$1,999 432 11.1
    $2,500-$2,999 555 14.3
    $4,000 or more 330 8.5
    Others 1952 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3644 45.4
    Not in the labour force 2134 26.6
    Employed, worked part-time 1727 21.5
    Employed, away from work 317 3.9
    Unemployed, looking for work 209 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 718 12.6
    Professionals 2137 37.6
    Technicians & trades workers 577 10.1
    Community & personal service workers 497 8.7
    Clerical & administrative workers 741 13.0
    Others 1016 17.9
    Occupation
    Census Count Percent(%)
    Pre-school 203 7.7
    Infants/Primary 928 35.3
    Secondary 422 16.1
    Technical or Further Educational Institution 238 9.1
    University or other Tertiary Institutions 749 28.5
    Others 88 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6229 64.9
    Flat, unit or apartment 2509 26.1
    Semi-detached, row or terrace house, townhouse 867 9.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1592 38.0
    Being purchased 1345 32.1
    Fully owned 1169 27.9
    Other tenure type 84 2.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals