Suburb Profile Report for Churchlands WA (6018)

Churchlands House: Median price $1,357,500, Annual capital growth 4.22%, Number of sales 42, Weekly median advertised rent $790

Churchlands Unit: Median price $377,500, Annual capital growth 1.33%, Number of sales 22, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a an unimpressive capital gain of 0.93% for the last year, Churchlands, 6018 is the 2862th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Churchlands,6018 has racked up an average of 0.93% over the period. This ranks it number 3403th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -4.67% to buyers in Churchlands at the moment, which is less than average for the rest of WA.

Often selling an investment property can take time, and in Churchlands the average time real estate has been on the market is 44 days.

Churchlands is 342th on a list of best yielding suburbs for rents in WA with a 3.03% return

Property investors who have had real estate in Churchlands, 6018 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.13%

Sellers are offering property buyers an average discount of -7.62% to buyers in Churchlands at the moment, which is less than average for the rest of WA.

Often selling an investment property can take time, and in Churchlands the average time real estate has been on the market is 75.05 days.

Property investors should expect to get $300 weekly from the median priced house in this suburb.

Information supplied by:


April 2017

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Churchlands is one of the more expensive suburbs in Perth. The median house price exceeds $1.3m following a period of consistent growth over a five-year period. Homes also sell at an average discount rate of just 4.71%.Full summary

Premium suburb maintains a high profile
Median house price: $1,370,000
Three-year growth: 1.86%
Rental yield: 2.85%

Labelled after the purchase of the land by the Roman Catholic Church, Churchlands is one of the more expensive suburbs in Perth.

The median house price exceeds $1.3m following a period of consistent growth over a five-year period. Homes also sell at an average discount rate of just 4.71%. However, the suburb reported slight negative growth in the January 2017 quarter, with the average vacancy rate rising to 2.72% in the past 12 months. Furthermore, the low average yield may deter investors.

Nonetheless, the proximity of Churchlands to Perth remains very attractive. The suburb is populated with properties constructed post-1980s, and it is home to several schools, which could draw families. Moreover, it is bordered in the east by Herdsman Lake. Favoured recreational activities include picnicking and bird watching.

Commuters can travel into the CBD by bus.

Close
Metrics i HOUSE UNIT
$1,357,500 $377,500
-0.73% N/A
0.93% -7.13%
4.22% 1.33%
$790 $300
42 22
3.03% 4.13%
44 75.05

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Churchlands WA
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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