Suburb Profile Report for Padbury WA (6025)

Padbury House: Median price $529,750, Annual capital growth 3.55%, Number of sales 127, Weekly median advertised rent $420

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

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Investment property in Padbury 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 -4.12%

The five-year average increase in median property values for Padbury,6025 has given property investors a potential capital gain of 13.19% across each of those five years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.22% offered to property buyers. Sellers in Padbury itself are offering an average vendor discount of -4.58% to real estate investors.

Darren Haseldine Information supplied by:

Darren Haseldine
Davey Real Estate

M 9402 4255
O 0413 807 247

W www.daveyrealestate.com.au
E darrenh@daveyre.com.au
Property investors who have had real estate in Padbury, 6025 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.38%

The five-year average increase in median property values for Padbury,6025 has given property investors a potential capital gain of 11.11% across each of those five years.
Property buyers and investors in Padbury 6025 should be seeing an average reduction in asking price of around -3.52% . This means that Padbury is holding prices well when compared to other suburbs in WA.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 10.94%, investors should hope to achieve an overall return of 4.58%Full summary
Property investors who have had real estate in Padbury, 6025 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.38%
 
The five-year average increase in median property values for Padbury,6025 has given property investors a potential capital gain of 11.11% across each of those five years.
Property buyers and investors in Padbury 6025 should be seeing an average reduction in asking price of around -3.52% . This means that Padbury is holding prices well when compared to other suburbs in WA.
 
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 10.94%, investors should hope to achieve an overall return of 4.58%
 
The suburb was named in 1971 after the early settler Walter Padbury. Located within the City of Joondalup the suburb has 3383 dwellings of those 27% are currently rented. Just a 5 minute drive to Hillarys boat harbour the suburb enjoys a steady 5% growth in values each year and this is sure to continue well into the future with demand continually outstripping supply. Rental properties within the suburb are always in high demand with average rents achieving @$510.00 per week.
 
Selling points:  Close to the Coast. Easy access to freeways and close to train lines major shops and Perth’s top education fascilities
 
Most sought after properties:  4 bedroom 2 bathroom homes are in highest demand.
 
Most common properties:  3  bedroom 1 bathroom homes are the most common properties
 
Top amenities: Education, Transport, Shops
 
 
Best streets: Walter Padbury Blvd.
 
Public transport: Close to all bus lines and Trains
Main arteries:  Hepburn Avenue and the Mitchell Freeway
Close
HOUSE UNIT
$529,750 N/A
1.88% N/A
-4.12% N/A
3.55% N/A
$420 N/A
127 N/A
4.12% N/A
63.96 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 8366
Median household income ($/weekly) 1583
Median age of persons 36
Median housing loan repayment ($/monthly) 1907
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 960 11.5
    25-34 years 1274 15.2
    35-44 years 1261 15.1
    45-54 years 1146 13.7
    55-64 years 1032 12.3
    Others 2693 32.2
    Age Group
    Census Count Percent(%)
    Registered Married 3031 48.9
    Not Married 2435 39.3
    Defacto Relationship 728 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5330 66.8
    Papua New Guinea 312 3.9
    South Africa 174 2.2
    United Kingdom 1165 14.6
    Other 329 4.1
    Others 675 8.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 74 1.0
    Christianity 4798 63.1
    Hinduism 54 0.7
    Islam 117 1.5
    No Religion 2492 32.8
    Others 63 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 229 8.3
    $1,250-$1,499 221 8.0
    $1,500-$1,999 405 14.7
    $2,000-$2,499 314 11.4
    $2,500-$2,999 334 12.2
    Others 1243 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2865 44.6
    Not in the labour force 1671 26.0
    Employed, worked part-time 1413 22.0
    Employed, away from work 304 4.7
    Unemployed, looking for work 171 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 426 9.3
    Professionals 972 21.2
    Technicians & trades workers 876 19.1
    Community & personal service workers 482 10.5
    Clerical & administrative workers 768 16.8
    Others 1052 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 135 7.6
    Infants/Primary 658 36.9
    Secondary 404 22.6
    Technical or Further Educational Institution 167 9.4
    University or other Tertiary Institutions 357 20.0
    Others 63 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7635 96.4
    Semi-detached, row or terrace house, townhouse 280 3.5
    Flat, unit or apartment 9 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1432 47.2
    Fully owned 984 32.5
    Rented 605 20.0
    Other tenure type 10 0.3
    Tenure Type
Census 2011, ABS
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