Suburb Profile Report for Coolbinia WA (6050)

Coolbinia House: Median price $1,240,000, Annual capital growth 3.10%, Number of sales 26, Weekly median advertised rent $520

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Coolbinia, 6050 should be pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 44.19%

A 30.87% growth in median value for property investors in Coolbinia,6050 puts this suburb at number 24th 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 Coolbinia, 6050. Typically our figures indicate that -10.46% is being offered, which puts this WA suburb at 247th most discounted overall in Australia.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.18%, without taking into account capital value appreciation, which has been averaging out at 3.10%.

Metrics i HOUSE UNIT
$1,240,000 N/A
6.44% N/A
44.19% N/A
3.10% N/A
$520 N/A
26 N/A
2.18% N/A
91.65 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 1536
Median household income ($/weekly) 2568
Median age of persons 38
Median housing loan repayment ($/monthly) 2600
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 237 15.4
    25-34 years 166 10.8
    35-44 years 219 14.3
    45-54 years 253 16.5
    55-64 years 161 10.5
    Others 499 32.5
    Age Group
    Census Count Percent(%)
    Registered Married 613 56.2
    Not Married 411 37.7
    Defacto Relationship 66 6.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1099 74.5
    Japan 34 2.3
    South Africa 43 2.9
    United Kingdom 97 6.6
    Other 44 3.0
    Others 159 10.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 1.9
    Christianity 787 56.3
    Islam 26 1.9
    Judaism 191 13.7
    No Religion 346 24.8
    Others 21 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 44 9.9
    $2,000-$2,499 31 7.0
    $2,500-$2,999 71 16.0
    $3,000-$3,499 54 12.1
    $4,000 or more 73 16.4
    Others 172 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 467 39.9
    Not in the labour force 348 29.8
    Employed, worked part-time 292 25.0
    Employed, away from work 44 3.8
    Unemployed, looking for work 18 1.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 138 17.3
    Professionals 278 34.8
    Technicians & trades workers 70 8.8
    Clerical & administrative workers 112 14.0
    Sales 71 8.9
    Others 129 16.2
    Occupation
    Census Count Percent(%)
    Pre-school 28 6.0
    Infants/Primary 157 33.8
    Secondary 135 29.1
    Technical or Further Educational Institution 27 5.8
    University or other Tertiary Institutions 105 22.6
    Others 12 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1340 94.8
    Flat, unit or apartment 64 4.5
    Semi-detached, row or terrace house, townhouse 7 0.5
    House or flat attached to a shop, office 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 212 43.3
    Being purchased 193 39.4
    Rented 85 17.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals