Suburb Profile Report for Warwick WA (6024)

Warwick House: Median price $569,000, Annual capital growth 4.74%, Number of sales 55, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Expert Report

Warwick is an average performer in WA when comparing median price capital growth over the last year. Warwick gave property investors a average capital gain figure when compared to the rest of the state, with -4.37%.

Comparing Warwick,6024 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Warwick are currently offering property investors an average price cut of -7.36% below the asking price at the moment.

Often selling an investment property can take time, and in Warwick the average time real estate has been on the market is 61.26 days.

The WA suburb of Warwick, 6024 is in the Joondalup local government area.

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
HOUSE UNIT
$569,000 N/A
0.00% N/A
-4.37% N/A
4.74% N/A
$420 N/A
55 N/A
3.84% N/A
61.26 N/A

Source: CoreLogic

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