Suburb Profile Report for Ridgewood WA (6030)

Ridgewood House: Median price $397,000, Annual capital growth 9.33%, Number of sales 60, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report

Investment property in Ridgewood 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 -6.59%

A 4.89% growth in median value for property investors in Ridgewood,6030 puts this suburb at number 333th in terms of best performing suburbs in WA

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.25% offered to property buyers. Sellers in Ridgewood itself are offering an average vendor discount of -6.98% to real estate investors.

Residents and property investors in Ridgewood have been waiting around 85.77 days to sell a property.

Metrics i HOUSE UNIT
$397,000 N/A
-3.17% N/A
-6.59% N/A
9.33% N/A
$350 N/A
60 N/A
4.58% N/A
85.77 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 4007
Median household income ($/weekly) 1323
Median age of persons 31
Median housing loan repayment ($/monthly) 2300
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 384 9.6
    5-14 years 620 15.5
    25-34 years 670 16.7
    35-44 years 599 14.9
    45-54 years 391 9.8
    Others 1343 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 1409 54.5
    Not Married 829 32.1
    Defacto Relationship 346 13.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1986 55.0
    Papua New Guinea 198 5.5
    South Africa 126 3.5
    United Kingdom 897 24.8
    Other 205 5.7
    Others 198 5.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 1.3
    Christianity 2252 64.9
    Hinduism 11 0.3
    Islam 43 1.2
    No Religion 1106 31.9
    Others 14 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 114 10.5
    $1,000-$1,249 106 9.8
    $1,500-$1,999 163 15.0
    $2,000-$2,499 112 10.3
    $2,500-$2,999 105 9.7
    Others 486 44.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1123 41.6
    Not in the labour force 916 33.9
    Employed, worked part-time 468 17.3
    Employed, away from work 99 3.7
    Unemployed, looking for work 96 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 216 12.8
    Technicians & trades workers 374 22.2
    Community & personal service workers 197 11.7
    Clerical & administrative workers 240 14.2
    Labourers 199 11.8
    Others 462 27.4
    Occupation
    Census Count Percent(%)
    Pre-school 64 7.0
    Infants/Primary 393 42.9
    Secondary 249 27.2
    Technical or Further Educational Institution 86 9.4
    University or other Tertiary Institutions 101 11.0
    Others 24 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3494 99.1
    Semi-detached, row or terrace house, townhouse 28 0.8
    Flat, unit or apartment 3 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 666 53.6
    Rented 303 24.4
    Fully owned 177 14.3
    Other tenure type 96 7.7
    Tenure Type
Census 2011, ABS
Chart Table
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