Suburb Profile Report for Churchlands WA (6018)

Churchlands House: Median price $1,352,500, Annual capital growth 3.24%, Number of sales 38, Weekly median advertised rent $790

Churchlands Unit: Median price $380,000, Annual capital growth 1.32%, Number of sales 23, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

WA has seen average median house prices change by -4.46% which means that Churchlands, 6018 has not done well for property investors by showing a capital gain of 2.15% over the last year

While Churchlands,6018 ranked number 234th in WA for increase in median house value (annualised) increase, it is ranked 27th over the last 5 years.

Property investors looking for a bargain in Churchlands should be aiming for at least -5.69% off the asking price, which is the average vendor discount being achieved at the moment.

At number 370 in a list of fastest selling suburbs, Churchlands is in the TOP 10% of suburbs in Australia with an average of days on market 45.33 for properties listed there.

With the median price for a house in Churchlands being $1352500 and the advertised rent reaching $790 the gross rental yield for property investors calculates out to be 3.04%

WA has seen average median house prices change by -4.11% which means that Churchlands, 6018 has not done well for property investors by showing a capital gain of -8.21% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Churchlands comes in at number 86th in WA.

LACK OF BUYER INTEREST may well be the reason that Churchlands is offering property investors an average of -8.31. This rate of discount on properties puts Suburb at number 59th in terms of most discounted suburbs in WA

A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.38%, without taking into account capital value appreciation, which has been averaging out at 1.32%.

Metrics i HOUSE UNIT
$1,352,500 $380,000
-1.28% N/A
2.15% -8.21%
3.24% 1.32%
$790 $320
38 23
3.04% 4.38%
45.33 74.15

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2750
Median household income ($/weekly) 1835
Median age of persons 36
Median housing loan repayment ($/monthly) 2500
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 325 11.8
    25-34 years 342 12.4
    35-44 years 334 12.1
    45-54 years 437 15.9
    55-64 years 349 12.7
    Others 963 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 1121 52.4
    Not Married 899 42.0
    Defacto Relationship 118 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1329 49.9
    Malta 120 4.5
    South Africa 132 5.0
    United Kingdom 254 9.5
    Other 197 7.4
    Others 629 23.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 95 3.7
    Christianity 1581 61.4
    Hinduism 110 4.3
    Islam 70 2.7
    No Religion 705 27.4
    Others 15 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 76 8.5
    $1,500-$1,999 119 13.3
    $2,500-$2,999 124 13.9
    $3,000-$3,499 77 8.6
    $4,000 or more 96 10.7
    Others 403 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 888 39.8
    Not in the labour force 669 30.0
    Employed, worked part-time 518 23.2
    Employed, away from work 84 3.8
    Unemployed, looking for work 70 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 226 15.2
    Professionals 557 37.4
    Community & personal service workers 139 9.3
    Clerical & administrative workers 199 13.4
    Sales 131 8.8
    Others 236 15.9
    Occupation
    Census Count Percent(%)
    Pre-school 31 3.7
    Infants/Primary 223 26.9
    Secondary 206 24.8
    Technical or Further Educational Institution 64 7.7
    University or other Tertiary Institutions 280 33.7
    Others 26 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1987 75.4
    Flat, unit or apartment 622 23.6
    Semi-detached, row or terrace house, townhouse 25 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 377 38.5
    Rented 303 30.9
    Being purchased 296 30.2
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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