Suburb Profile Report for Warwick WA (6024)

Warwick House: Median price $567,500, Annual capital growth 2.67%, Number of sales 44, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Expert Report

At number 2968th in the list of Australian suburbs ordered by increase in median house value over the last year, Warwick, 6024 is in the BOTTOM 30% with a property value increase of 0.53% recorded in median house prices.

If we look at median property appreciation over just the last three months, Warwick has given property investors a paper return of 0.00%. This puts Suburb as 123 on a list of fastest fasting appreciating suburbs in WA

Warwick6024 is located in WA which offers an average discount of -8.17% to property investors. Warwick itself is showing figures that indicate -6.03% is the average achievable by property buyers investing in the suburb.

Barry Richards Information supplied by:

Barry Richards
Roy Weston Real Estate

M (08) 9477 4444
O 0431 000 501

W http://www.roywestonrealestate.com.au/
E Richards@iinet.com.au
Located apporox 12 kms north of Perth CBD and 5 kms from the Ocean, with excellent access to the City by rail and Freeway. First developed in 1972, and now in a transition phase with many properties undergoing extensive renovation and some older, smaller properties being demolished to make way for new housing. There is a proposal to re zone parts of the suburb to allow for more dense residential housing.Full summary
Located apporox 12 kms north of Perth CBD and 5 kms from the Ocean, with excellent access to the City by rail and Freeway. First developed in 1972, and now in a transition phase with many properties undergoing extensive renovation and some older, smaller properties being demolished to make way for new housing. There is a proposal to re zone parts of the suburb to allow for more dense residential housing.
 
Most sought-after properties: Our median price is still only around $500,000. Therefore suited to  first home buyers and investors. Newer properties of 25 years and younger cater more for bigger families. 
 
Most common properties:  3 bedroom double brick and tile buildings. 30-40 years old.
 
Top amenities: Numerous large  Shopping Centres, High Schools, Primary schools, abundant open parklands, sporting facilities, good medical services, excellent public transport.
 
Local industry and business: Balcatta Industrial and Commercial area within 3 kms, Malaga Industrial 5 kms to the east, Joondalup City 10 kms to the north, Perth CBD 14 Kms to the south.
 
Recent changes: Possible re zoning of some areas to allow for greater density housing. Land values have increased to allow for re development and renovation of older housing.
 
Public transport: North/south freeway and rail to Perth City and Joondalup City. East/West to Midland City and popular local beaches.
 
Main arteries: North/south, = Mitchell Freeway and Wanneroo Road.  Eats/west = Hepburn Avenue nd Reid Highway. Access to Perth Airpot via Reid Highway = approx 35 minutes.
Close
Metrics i HOUSE UNIT
$567,500 N/A
0.00% N/A
0.53% N/A
2.67% N/A
$400 N/A
44 N/A
3.67% N/A
57.61 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Warwick WA
Demographics
Total population 3815
Median household income ($/weekly) 1435
Median age of persons 42
Median housing loan repayment ($/monthly) 1863
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 390 10.2
    25-34 years 439 11.5
    35-44 years 477 12.5
    45-54 years 488 12.8
    55-64 years 570 14.9
    Others 1450 38.0
    Age Group
    Census Count Percent(%)
    Registered Married 1586 54.7
    Not Married 1073 37.0
    Defacto Relationship 241 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2433 66.0
    Croatia 63 1.7
    Papua New Guinea 119 3.2
    United Kingdom 430 11.7
    Other 166 4.5
    Others 473 12.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 76 2.2
    Christianity 2429 69.2
    Islam 35 1.0
    Other Religious Groups 33 0.9
    No Religion 908 25.9
    Others 31 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 119 9.3
    $800-$999 110 8.6
    $1,500-$1,999 165 13.0
    $2,000-$2,499 132 10.4
    $2,500-$2,999 146 11.5
    Others 601 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1190 38.6
    Not in the labour force 1060 34.3
    Employed, worked part-time 639 20.7
    Employed, away from work 122 4.0
    Unemployed, looking for work 75 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 216 11.1
    Professionals 448 23.0
    Technicians & trades workers 302 15.5
    Clerical & administrative workers 330 16.9
    Sales 201 10.3
    Others 455 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 48 6.3
    Infants/Primary 272 35.4
    Secondary 184 24.0
    Technical or Further Educational Institution 67 8.7
    University or other Tertiary Institutions 176 22.9
    Others 21 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3370 94.9
    Semi-detached, row or terrace house, townhouse 102 2.9
    Flat, unit or apartment 78 2.2
    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 586 42.1
    Being purchased 564 40.5
    Rented 220 15.8
    Other tenure type 22 1.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals