Suburb Profile Report for Wembley WA (6014)

Wembley House: Median price $1,020,000, Annual capital growth 2.55%, Number of sales 109, Weekly median advertised rent $578

Wembley Unit: Median price $280,000, Annual capital growth 0.85%, Number of sales 102, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Wembley, 6014 should be ok 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 7.37%

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

Our latest figures would indicate that property sellers in Wembley are currently offering property investors an average price cut of -6.57% below the asking price at the moment.

On average over the past year, suburb has had 9.08 sales per month, which equates to 109 per year.

Renters in Suburb are facing rents around $6930 per annum or $577.5 every week.

Wembley is in the bottom 30% in WA when comparing median price capital growth over the last year. Wembley gave property investors a disappointing capital gain figure when compared to the rest of the state, with -12.50%.

Taking the average capital gain, or increase in median house value, Wembley,6014 has racked up an average of -12.50% over the period. This ranks it number 1651th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Wembley is offering property investors an average of -9.02. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in WA

Advertised rents are around the $260 mark per week – giving a return of 4.83% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,020,000 $280,000
6.14% -4.27%
7.37% -12.50%
2.55% 0.85%
$578 $260
109 102
2.94% 4.83%
53.12 90.08

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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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
Chart Table
Recent sales & rentals