Suburb Profile Report for Balcatta WA (6021)

Balcatta House: Median price $540,000, Annual capital growth 3.93%, Number of sales 149, Weekly median advertised rent $390

Balcatta Unit: Median price $388,000, Annual capital growth 2.82%, Number of sales 39, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Balcatta have tracked just higher than the WA average of -5.06% over the last 12 months.

Balcatta,6021 was ranked 2233 in Australia by increase in median property value over the quarter.

Balcatta, 6021 is offering WA ‘s 177th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.

In the last year 149 properties changed hands in Balcatta, which puts it as the 49th most active market in WA when comparing the number of sales per suburb.

A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.76%, without taking into account capital value appreciation, which has been averaging out at 3.93%.

Balcatta has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -7.62% to date .

Taking the average capital gain, or increase in median house value, Balcatta,6021 has racked up an average of -7.62% over the period. This ranks it number 1552th in the whole country for real estate investors looking at median house price increases.

At number 59th of WA’s most discounted properties, Balcatta is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Balcatta have been waiting around 72.89 days to sell a property.

Advertised rents are around the $350 mark per week – giving a return of 4.69% based on the median price in Suburb

HOUSE UNIT
$540,000 $388,000
0.00% -5.60%
-0.09% -7.62%
3.93% 2.82%
$390 $350
149 39
3.76% 4.69%
74.54 72.89

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 9990
Median household income ($/weekly) 1115
Median age of persons 38
Median housing loan repayment ($/monthly) 1950
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 1769 17.7
    35-44 years 1395 14.0
    45-54 years 1100 11.0
    55-64 years 1032 10.3
    65-74 years 977 9.8
    Others 3718 37.2
    Age Group
    Census Count Percent(%)
    Not Married 3627 47.2
    Registered Married 3414 44.5
    Defacto Relationship 637 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5602 60.0
    Indonesia 282 3.0
    Japan 725 7.8
    United Kingdom 472 5.1
    Other 653 7.0
    Others 1606 17.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 202 2.2
    Christianity 6727 73.6
    Hinduism 198 2.2
    Islam 223 2.4
    No Religion 1661 18.2
    Others 129 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 348 9.3
    $400-$599 439 11.7
    $800-$999 331 8.8
    $1,500-$1,999 459 12.3
    $2,000-$2,499 334 8.9
    Others 1833 49.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3082 39.0
    Not in the labour force 2823 35.8
    Employed, worked part-time 1474 18.7
    Employed, away from work 301 3.8
    Unemployed, looking for work 214 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 484 10.0
    Professionals 971 20.0
    Technicians & trades workers 781 16.1
    Clerical & administrative workers 790 16.3
    Labourers 514 10.6
    Others 1313 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 119 6.6
    Infants/Primary 600 33.2
    Secondary 382 21.1
    Technical or Further Educational Institution 267 14.8
    University or other Tertiary Institutions 380 21.0
    Others 59 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6002 64.9
    Semi-detached, row or terrace house, townhouse 3153 34.1
    Flat, unit or apartment 95 1.0
    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 1437 35.6
    Rented 1365 33.8
    Being purchased 1187 29.4
    Other tenure type 53 1.3
    Tenure Type
Census 2011, ABS
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