Suburb Profile Report for Kingsley WA (6026)

Kingsley House: Median price $587,500, Annual capital growth 4.40%, Number of sales 185, Weekly median advertised rent $475

Kingsley Unit: Median price $312,500, Annual capital growth -0.69%, Number of sales 11, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Kingsley have tracked just higher than the WA average of -5.25% over the last 12 months.

Kingsley,6026 has offered an average of -2.08% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kingsley, 6026. Typically our figures indicate that -5.28% is being offered, which puts this WA suburb at 2335th most discounted overall in Australia.

Kingsley, 6026’s gross rental yield is 4.20%

Over the last year, property investments in Kingsley, 6026 have given investors a capital gain of -3.85%. This compares averagely with the -4.80% for WA as a whole.

In the last year 11 properties changed hands in Kingsley, which puts it as the 110th most active market in WA when comparing the number of sales per suburb.

Situated 17.13km from the CBD, Kingsley is one of Joondalup localities in the postcode 6026.

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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
HOUSE UNIT
$587,500 $312,500
-0.42% N/A
-2.08% -3.85%
4.40% -0.69%
$475 N/A
185 11
4.20% N/A
65.14 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Kingsley WA
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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