Suburb Profile Report for Balcatta WA (6021)

Balcatta House: Median price $510,000, Annual capital growth 2.35%, Number of sales 136, Weekly median advertised rent $375

Balcatta Unit: Median price $372,500, Annual capital growth 1.20%, 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

If you compare the increase in value of investment property in Balcatta, 6021 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -7.69%.

Across a shorter period, Balcatta, 6021 has seen a median price increase of -5.12% over the last quarter.

The most recent median price for Balcatta is $510000, with sellers offering an average of -7.16% off the asking price.

Often selling an investment property can take time, and in Balcatta the average time real estate has been on the market is 74.58 days.

A $375 per week rent on the median house gives suburb investors a gross yield of circa 3.82%, without taking into account capital value appreciation, which has been averaging out at 2.35%.

Investment property in Balcatta 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 -11.31%

If we look at median property appreciation over just the last three months, Balcatta has given property investors a paper return of -3.25%. This puts Suburb as 73 on a list of fastest fasting appreciating suburbs in WA

The most recent median price for Balcatta is $372500, with sellers offering an average of -8.42% off the asking price.

Balcatta is 35th on a list of best yielding suburbs for rents in WA with a 4.89% return

HOUSE UNIT
$510,000 $372,500
-5.12% -3.25%
-7.69% -11.31%
2.35% 1.20%
$375 $350
136 39
3.82% 4.89%
74.58 98.05

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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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