Suburb Profile Report for Churchlands WA (6018)

Churchlands House: Median price $1,365,000, Annual capital growth 3.62%, Number of sales 39, Weekly median advertised rent $790

Churchlands Unit: Median price $377,500, Annual capital growth 1.36%, Number of sales 22, Weekly median advertised rent $313

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Churchlands, 6018 have given investors a capital gain of 0.55%. This compares favourably with the -4.17% for WA as a whole.

Taking the average capital gain, or increase in median house value, Churchlands,6018 has racked up an average of 0.55% over the period. This ranks it number 3340th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Churchlands is giving property investors an average Vendor Discount of around -4.97%. This puts suburb at number 404th in WA when ranking the most discounted suburbs.

Churchlands is 352th on a list of best yielding suburbs for rents in WA with a 3.01% return

WA has seen average median house prices change by -5.10% which means that Churchlands, 6018 has not done well for property investors by showing a capital gain of -7.48% over the last year

The five-year average increase in median property values for Churchlands,6018 has given property investors a potential capital gain of 0.67% across each of those five years.

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 Churchlands, 6018. Typically our figures indicate that -7.62% is being offered, which puts this WA suburb at 213th most discounted overall in Australia.

In the last year 22 properties changed hands in Churchlands, which puts it as the 78th most active market in WA when comparing the number of sales per suburb.

Churchlands is 78th on a list of best yielding suburbs for rents in WA with a 4.30% return

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
$1,365,000 $377,500
-0.36% -0.66%
0.55% -7.48%
3.62% 1.36%
$790 $313
39 22
3.01% 4.30%
41.8 75.05

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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