Suburb Profile Report for Currambine WA (6028)

Currambine House: Median price $528,500, Annual capital growth 2.55%, Number of sales 106, Weekly median advertised rent $440

Currambine Unit: Median price $350,000, Annual capital growth 1.08%, Number of sales 14, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report

Currambine has had a very poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -11.55% to date .

Taking the average capital gain, or increase in median house value, Currambine,6028 has racked up an average of -11.55% over the period. This ranks it number 3601th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Currambine should be aiming for at least -6.82% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $5280 per annum or $440 every week.

At number 1539th in the list of Australian suburbs ordered by increase in median house value over the last year, Currambine, 6028 is in the BOTTOM 20% with a property value increase of -8.50% recorded in median house prices.

Over the longer term, Currambine has seen property prices show investors a -7.65% return over the last 3 years. This is worse than over the last 12 months

At number 81th of WA’s most discounted properties, Currambine is in the TOP 20% of the state/territory when listing in order of most discounted to least.

HOUSE UNIT
$528,500 $350,000
-0.28% -4.11%
-11.55% -8.50%
2.55% 1.08%
$440 $355
106 14
4.33% 5.27%
76.64 91.91

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 6773
Median household income ($/weekly) 1918
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 3
  • Census Count Percent(%)
    5-14 years 1043 15.4
    15-19 years 685 10.1
    25-34 years 697 10.3
    35-44 years 1155 17.1
    45-54 years 1207 17.8
    Others 1987 29.3
    Age Group
    Census Count Percent(%)
    Registered Married 2814 55.4
    Not Married 1865 36.7
    Defacto Relationship 397 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3230 48.8
    Papua New Guinea 198 3.0
    South Africa 444 6.7
    United Kingdom 1691 25.6
    Other 392 5.9
    Others 661 10.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 98 1.5
    Christianity 4500 70.7
    Islam 74 1.2
    Other Religious Groups 96 1.5
    No Religion 1524 23.9
    Others 72 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 137 7.1
    $1,500-$1,999 272 14.1
    $2,000-$2,499 256 13.2
    $2,500-$2,999 281 14.5
    $3,000-$3,499 199 10.3
    Others 789 40.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2391 45.6
    Employed, worked part-time 1235 23.5
    Not in the labour force 1230 23.5
    Employed, away from work 214 4.1
    Unemployed, looking for work 175 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 442 11.5
    Professionals 711 18.5
    Technicians & trades workers 698 18.2
    Clerical & administrative workers 672 17.5
    Sales 425 11.1
    Others 893 23.2
    Occupation
    Census Count Percent(%)
    Pre-school 83 4.2
    Infants/Primary 706 35.8
    Secondary 597 30.3
    Technical or Further Educational Institution 194 9.8
    University or other Tertiary Institutions 368 18.7
    Others 22 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6232 94.7
    Flat, unit or apartment 245 3.7
    Semi-detached, row or terrace house, townhouse 98 1.5
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1191 54.0
    Rented 517 23.4
    Fully owned 494 22.4
    Other tenure type 3 0.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals