Suburb Profile Report for Kingsley WA (6026)

Kingsley House: Median price $575,000, Annual capital growth 2.15%, Number of sales 175, Weekly median advertised rent $450

Kingsley Unit: Median price $375,000, Annual capital growth 1.09%, Number of sales 11, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Kingsley, 6026 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -2.54%.

Taking the average capital gain, or increase in median house value, Kingsley,6026 has racked up an average of -2.54% over the period. This ranks it number 3531th in the whole country for real estate investors looking at median house price increases.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.23% offered to property buyers. Sellers in Kingsley itself are offering an average vendor discount of -5.15% to real estate investors.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

At number 151th in the list of Australian suburbs ordered by increase in median house value over the last year, Kingsley, 6026 is in the top 10% with a property value increase of 18.11% recorded in median house prices.

The five-year average increase in median property values for Kingsley,6026 has given property investors a potential capital gain of 0.67% across each of those five years.

Advertised rents are around the $375 mark per week – giving a return of 5.20% based on the median price in Suburb

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Kingsley is roughly 20km from the centre of Perth, but it is something of a centre of its own. Home to five primary schools, a high school, four churches, two major shopping complexes and a number of historic sports clubs; it is a Western Australian suburb to keep an eye on.Full summary

Kingsley is roughly 20km from the centre of Perth, but it is something of a centre of its own. Home to five primary schools, a high school, four churches, two major shopping complexes and a number of historic sports clubs; it is a Western Australian suburb to keep an eye on.

Only 12% of the suburb’s households are rented, the majority of other residents being owner-occupiers typified by young families and couples who are first home buyers. Despite this, yields are reasonable at just over 5%, and the weekly average rent of $465 is an inch higher than a lot of other suburbs in the area.

The suburb’s popularity with young families probably holds the key to its future capital growth. March RP Data figures show that properties currently require just 44 days on the market to sell, a good indication that this is an area buyers want to get into.

At the same time, DSR Score indicates that only 0.12% of the total properties in the suburb were up for sale over March – a minimal amount. This suggests that, while many buyers like Kingsley, they’ll have some trouble finding available properties there, and will need to start paying a premium for the privilege. The result could be that prices rise rapidly in the immediate future.

The rental market is also short on the supply side, with vacancies at an ultra-tight 0.48%. Considering Kingsley’s strong appeal for first home buyers, it’s conceivable that a lot of current tenants may go into the suburb’s property market soon, as rising rents and a shortage of accommodation coerce them into becoming homeowners. This may also result in rising property prices.

When speaking of the suburb, it’s best to make the distinction between the western and eastern half, which have somewhat different characters. They are divided by the picturesque Lake Goollelal, which forms a natural barrier. The eastern half is a little noisier than the west and has less houses.

Close
Metrics i HOUSE UNIT
$575,000 $375,000
-1.71% 1.35%
-2.54% 18.11%
2.15% 1.09%
$450 $375
175 11
4.07% 5.20%
67.25 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 13218
Median household income ($/weekly) 1725
Median age of persons 41
Median housing loan repayment ($/monthly) 1842
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1610 12.2
    25-34 years 1284 9.7
    35-44 years 1713 13.0
    45-54 years 2076 15.7
    55-64 years 2056 15.6
    Others 4480 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 5652 57.6
    Not Married 3461 35.3
    Defacto Relationship 691 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 8664 67.6
    Papua New Guinea 329 2.6
    South Africa 360 2.8
    United Kingdom 2068 16.1
    Other 451 3.5
    Others 937 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 129 1.1
    Christianity 8656 70.9
    Hinduism 84 0.7
    Islam 51 0.4
    No Religion 3225 26.4
    Others 63 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 337 8.2
    $1,500-$1,999 550 13.4
    $2,000-$2,499 478 11.7
    $2,500-$2,999 557 13.6
    $3,000-$3,499 334 8.2
    Others 1838 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4345 42.2
    Not in the labour force 3010 29.2
    Employed, worked part-time 2284 22.2
    Employed, away from work 417 4.0
    Unemployed, looking for work 241 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 821 11.7
    Professionals 1524 21.6
    Technicians & trades workers 1170 16.6
    Community & personal service workers 662 9.4
    Clerical & administrative workers 1367 19.4
    Others 1499 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 168 5.5
    Infants/Primary 1168 38.4
    Secondary 796 26.2
    Technical or Further Educational Institution 241 7.9
    University or other Tertiary Institutions 608 20.0
    Others 57 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11460 92.8
    Semi-detached, row or terrace house, townhouse 592 4.8
    Flat, unit or apartment 165 1.3
    Caravan, cabin, houseboat 132 1.1
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2107 45.9
    Fully owned 1800 39.2
    Rented 605 13.2
    Other tenure type 74 1.6
    Tenure Type
Census 2011, ABS
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