Suburb Profile Report for Butler WA (6036)

Butler House: Median price $410,000, Annual capital growth 1.79%, Number of sales 196, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Butler 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 -6.02%

Butler,6036 has offered an average of -6.02% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Butler 6036 should be seeing an average reduction in asking price of around -5.91% . This means that Butler is holding prices well when compared to other suburbs in WA.

Often selling an investment property can take time, and in Butler the average time real estate has been on the market is 107.37 days.

Butler is 131th on a list of best yielding suburbs for rents in WA with a 4.69% return

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A Northern Suburbs Railway extension to Butler is a firm commitment and is scheduled to be completed by the end of 2014, suggesting a plethora of investment opportunities are coming.Full summary

While Perth’s latest transport plan is at the draft stage, the Northern Suburbs Railway extension to Butler is already a firm commitment – and is scheduled to be completed by the end of 2014.

“This 7.5km rail extension will see a new station constructed in the Butler Town Centre. The developer of the land surrounding the new rail station will provide high/medium density mixed use development around the station. A park and ride facility for 1,000 bays and a bus transfer facility are included as part of the project,” says the Department of Transport’s Public Transport for Perth in 2031 report.

Butler, therefore, looks like one to watch in terms of the more immediate effects of Perth’s infrastructure improvements.

“It’s a very good thing that it’s coming through. They’re proposing a new shopping centre, so that should bring in a lot of new business,” says Professionals, Northern Coast, marketing consultant Goran Pavusek.

“The whole of Butler is going to benefit from the railway station. I’ve already had people enquiring to ask when it’s going to be done by,” he adds. “A lot of people have been enquiring, which is a good sign, so I think it will be good for the market.”

Butler offers a mix of three- and four-bedroom, two-bathroom homes, as well as cottage blocks, says Pavusek, which appeal to families and young couples respectively – and these are the two key sets of demographics that make up the suburb’s tenant base.

Close
HOUSE UNIT
$410,000 N/A
-2.03% N/A
-6.02% N/A
1.79% N/A
$370 N/A
196 N/A
4.69% N/A
107.37 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 9651
Median household income ($/weekly) 1655
Median age of persons 28
Median housing loan repayment ($/monthly) 2300
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 1045 10.8
    5-14 years 1958 20.3
    25-34 years 1748 18.1
    35-44 years 1867 19.3
    45-54 years 869 9.0
    Others 2165 22.4
    Age Group
    Census Count Percent(%)
    Registered Married 3216 52.6
    Not Married 1983 32.4
    Defacto Relationship 913 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4705 51.3
    Papua New Guinea 476 5.2
    South Africa 385 4.2
    United Kingdom 2637 28.7
    Other 453 4.9
    Others 522 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 84 1.0
    Christianity 5830 66.2
    Islam 104 1.2
    Other Religious Groups 40 0.5
    No Religion 2717 30.8
    Others 33 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 248 9.4
    $1,250-$1,499 260 9.9
    $1,500-$1,999 465 17.6
    $2,000-$2,499 367 13.9
    $2,500-$2,999 324 12.3
    Others 974 36.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3067 48.4
    Not in the labour force 1521 24.0
    Employed, worked part-time 1211 19.1
    Employed, away from work 299 4.7
    Unemployed, looking for work 243 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 663 14.5
    Technicians & trades workers 1033 22.6
    Community & personal service workers 515 11.3
    Clerical & administrative workers 683 14.9
    Labourers 449 9.8
    Others 1232 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 225 8.1
    Infants/Primary 1338 47.9
    Secondary 700 25.1
    Technical or Further Educational Institution 239 8.6
    University or other Tertiary Institutions 240 8.6
    Others 51 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8520 93.4
    Semi-detached, row or terrace house, townhouse 575 6.3
    Flat, unit or apartment 30 0.3
    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 1842 61.9
    Rented 864 29.1
    Fully owned 256 8.6
    Other tenure type 12 0.4
    Tenure Type
Census 2011, ABS
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