Suburb Profile Report for Watermans Bay WA (6020)

Watermans Bay House: Median price $1,155,000, Annual capital growth 2.47%, Number of sales 25, Weekly median advertised rent $513

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

Source: CoreLogic

  • House Report

Investment property in Watermans Bay has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.77%

Over the longer term, Watermans Bay has seen property prices show investors a -3.67% 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 Watermans Bay, 6020. Typically our figures indicate that -4.82% is being offered, which puts this WA suburb at 2650th most discounted overall in Australia.

In the last year 25 properties changed hands in Watermans Bay, which puts it as the 332th most active market in WA when comparing the number of sales per suburb.

A $512.5 per week rent on the median house gives suburb investors a gross yield of circa 2.31%, without taking into account capital value appreciation, which has been averaging out at 2.47%.

Metrics i HOUSE UNIT
$1,155,000 N/A
-2.74% N/A
-9.77% N/A
2.47% N/A
$513 N/A
25 N/A
2.31% N/A
57.42 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1170
Median household income ($/weekly) 1575
Median age of persons 48
Median housing loan repayment ($/monthly) 2860
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 125 10.7
    35-44 years 140 12.0
    45-54 years 164 14.0
    55-64 years 206 17.6
    65-74 years 143 12.2
    Others 392 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 469 53.1
    Not Married 331 37.4
    Defacto Relationship 84 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 816 73.6
    Papua New Guinea 43 3.9
    South Africa 26 2.3
    United Kingdom 145 13.1
    Other 24 2.2
    Others 54 4.9
    Country of Birth
    Census Count Percent(%)
    Christianity 752 70.5
    No Religion 298 27.9
    Judaism 10 0.9
    Other Religious Groups 4 0.4
    Buddhism 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 44 10.3
    $1,500-$1,999 41 9.6
    $2,500-$2,999 45 10.5
    $3,000-$3,499 40 9.4
    $4,000 or more 41 9.6
    Others 216 50.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 371 39.6
    Not in the labour force 313 33.4
    Employed, worked part-time 208 22.2
    Employed, away from work 31 3.3
    Unemployed, looking for work 15 1.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 111 18.1
    Professionals 179 29.2
    Technicians & trades workers 80 13.1
    Clerical & administrative workers 81 13.2
    Sales 64 10.4
    Others 98 16.0
    Occupation
    Census Count Percent(%)
    Pre-school 13 6.3
    Infants/Primary 84 40.4
    Secondary 40 19.2
    Technical or Further Educational Institution 17 8.2
    University or other Tertiary Institutions 45 21.6
    Others 9 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 697 64.7
    Semi-detached, row or terrace house, townhouse 262 24.3
    Flat, unit or apartment 119 11.0
    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 191 40.6
    Rented 151 32.1
    Being purchased 124 26.4
    Other tenure type 4 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals