Suburb Profile Report for Balcatta WA (6021)

Balcatta House: Median price $495,000, Annual capital growth 1.81%, Number of sales 131, Weekly median advertised rent $370

Balcatta Unit: Median price $372,500, Annual capital growth 0.96%, Number of sales 41, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Balcatta has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -9.17% to date .

Over the longer term, Balcatta has seen property prices show investors a -8.55% return over the last 3 years. This is worse than over the last 12 months

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.26% offered to property buyers. Sellers in Balcatta itself are offering an average vendor discount of -7.00% to real estate investors.

Property investors should expect to get $370 weekly from the median priced house in this suburb.

Balcatta is in the bottom 30% in WA when comparing median price capital growth over the last year. Balcatta gave property investors a disappointing capital gain figure when compared to the rest of the state, with -9.37%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balcatta has fallen somewhat when compared to the 5 year average annual rate.

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 Balcatta, 6021. Typically our figures indicate that -8.26% is being offered, which puts this WA suburb at 147th most discounted overall in Australia.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

HOUSE UNIT
$495,000 $372,500
-6.69% 0.54%
-9.17% -9.37%
1.81% 0.96%
$370 $350
131 41
3.89% 4.89%
75.51 103.13

Source: CoreLogic

DSR Score for property investment : Balanced (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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