Suburb Profile Report for Herne Hill WA (6056)

Herne Hill House: Median price $395,000, Annual capital growth -4.01%, Number of sales 16, Weekly median advertised rent $393

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Herne Hill, 6056 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 -6.51%

Taking the average capital gain, or increase in median house value, Herne Hill,6056 has racked up an average of -6.51% over the period. This ranks it number 3990th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Herne Hill 6056 should be seeing an average reduction in asking price of around -12.94% . This means that Herne Hill is holding prices well when compared to other suburbs in WA.

Using the current median advertised rental of $392.5 and the average annual increase in value of a median property of -4.01%, investors should hope to achieve an overall return of 5.17%

HOUSE UNIT
$395,000 N/A
1.28% N/A
-6.51% N/A
-4.01% N/A
$393 N/A
16 N/A
5.17% N/A
95.35 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1575
Median household income ($/weekly) 1381
Median age of persons 42
Median housing loan repayment ($/monthly) 1885
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 205 13.0
    35-44 years 205 13.0
    45-54 years 245 15.6
    55-64 years 269 17.1
    65-74 years 149 9.5
    Others 502 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 642 57.7
    Not Married 397 35.7
    Defacto Relationship 74 6.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1067 75.4
    Egypt 41 2.9
    Japan 62 4.4
    United Kingdom 121 8.6
    Other 28 2.0
    Others 96 6.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1032 76.2
    No Religion 289 21.3
    Buddhism 22 1.6
    Islam 8 0.6
    Other Religious Groups 4 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 40 8.8
    $800-$999 46 10.1
    $1,250-$1,499 39 8.6
    $1,500-$1,999 65 14.3
    $2,500-$2,999 41 9.0
    Others 223 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 473 41.0
    Not in the labour force 360 31.2
    Employed, worked part-time 227 19.7
    Employed, away from work 59 5.1
    Unemployed, looking for work 36 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 115 15.2
    Professionals 103 13.6
    Technicians & trades workers 139 18.3
    Clerical & administrative workers 109 14.4
    Labourers 93 12.3
    Others 199 26.3
    Occupation
    Census Count Percent(%)
    Pre-school 15 5.2
    Infants/Primary 126 44.1
    Secondary 80 28.0
    Technical or Further Educational Institution 26 9.1
    University or other Tertiary Institutions 36 12.6
    Others 3 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1383 99.8
    Semi-detached, row or terrace house, townhouse 3 0.2
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 242 48.8
    Being purchased 175 35.3
    Rented 73 14.7
    Other tenure type 6 1.2
    Tenure Type
Census 2011, ABS
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