Suburb Profile Report for Lancelin WA (6044)

Lancelin House: Median price $375,000, Annual capital growth 0.24%, Number of sales 29, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Expert Report

Property investors who have had real estate in Lancelin, 6044 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.06%

A 0.00% growth in median value for property investors in Lancelin,6044 puts this suburb at number 297th in terms of best performing suburbs in WA

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 Lancelin, 6044. Typically our figures indicate that -12.40% is being offered, which puts this WA suburb at 160th most discounted overall in Australia.

In the last year 29 properties changed hands in Lancelin, which puts it as the 313th most active market in WA when comparing the number of sales per suburb.

The WA suburb of Lancelin, 6044 is in the Gingin local government area.

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Ray White

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WA has seen average median house prices change by 5.14% which means that Lancelin, 6044 has done well for property investors by showing a capital gain of -10.98% over the last year.

Lancelin,6044 was ranked 2563 in Australia by increase in median property value over the quarter.

Property buyers and investors in Lancelin 6044 should be seeing an average reduction in asking price of around -19.00% . This means that Lancelin is holding prices well when compared to other suburbs in WA.
At number 1434 in a list of fastest selling suburbs, Lancelin is in the TOP 40% of suburbs in Australia with an average of days on market 92.27 for properties listed there.

Situated 114.79km from the CBD, Lancelin is one of Gingin localities in the postcode 6044.Full summary
WA has seen average median house prices change by 5.14% which means that Lancelin, 6044 has done well for property investors by showing a capital gain of -10.98% over the last year.
 
Lancelin,6044 was ranked 2563 in Australia by increase in median property value over the quarter.
 
Property buyers and investors in Lancelin 6044 should be seeing an average reduction in asking price of around -19.00% . This means that Lancelin is holding prices well when compared to other suburbs in WA.
 
At number 1434 in a list of fastest selling suburbs, Lancelin is in the TOP 40% of suburbs in Australia with an average of days on market 92.27 for properties listed there.
 
Situated 114.79km from the CBD, Lancelin is one of Gingin localities in the postcode 6044.
 
Selling points:
  • Close to Perth
  • Holiday destination
  • 1,300 Properties
  • Seaside Location
 
Most sought-after properties:  Cross Section
 
Most common properties:  Cross Section
 
Top amenities: Clubs, Hotels, Beach, Sand Dunes
 
Local industry and business: Fishing, Tourism, Windsurfing, 
 
Recent changes: Completion of Indian Ocean Drive, linking all of Australia by a Coast Road.
 
Release new Estate, Lancelin South, beginning of a new Town/Suburb/Location
 
Best streets: Cunliffe
 
Main arteries: Indian Ocean Drive
Close
HOUSE UNIT
$375,000 N/A
-2.60% N/A
-5.06% N/A
0.24% N/A
N/A N/A
29 N/A
N/A N/A
145.47 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
Find a mortgage broker in Lancelin WA
Demographics
Total population 606
Median household income ($/weekly) 819
Median age of persons 50
Median housing loan repayment ($/monthly) 1083
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 58 9.6
    35-44 years 82 13.5
    45-54 years 80 13.2
    55-64 years 105 17.3
    65-74 years 100 16.5
    Others 181 29.9
    Age Group
    Census Count Percent(%)
    Registered Married 192 46.7
    Not Married 158 38.4
    Defacto Relationship 61 14.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 446 79.6
    Greece 7 1.3
    Papua New Guinea 23 4.1
    United Kingdom 32 5.7
    Other 29 5.2
    Others 23 4.1
    Country of Birth
    Census Count Percent(%)
    Christianity 356 66.4
    No Religion 171 31.9
    Buddhism 9 1.7
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 21 9.8
    $400-$599 34 15.9
    $600-$799 29 13.6
    $800-$999 26 12.1
    $1,500-$1,999 24 11.2
    Others 80 37.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 202 41.2
    Employed, worked full-time 145 29.6
    Employed, worked part-time 85 17.3
    Employed, away from work 36 7.3
    Unemployed, looking for work 22 4.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 40 14.8
    Professionals 29 10.7
    Technicians & trades workers 31 11.4
    Clerical & administrative workers 31 11.4
    Labourers 68 25.1
    Others 72 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 5 8.1
    Infants/Primary 27 43.5
    Secondary 13 21.0
    Technical or Further Educational Institution 10 16.1
    University or other Tertiary Institutions 4 6.5
    Others 3 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 406 83.2
    Flat, unit or apartment 56 11.5
    Semi-detached, row or terrace house, townhouse 13 2.7
    Caravan, cabin, houseboat 10 2.0
    House or flat attached to a shop, office 3 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 103 42.0
    Rented 92 37.6
    Being purchased 50 20.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals