Suburb Profile Report for Tuart Hill WA (6060)

Tuart Hill House: Median price $545,000, Annual capital growth 1.07%, Number of sales 78, Weekly median advertised rent $380

Tuart Hill Unit: Median price $377,500, Annual capital growth 2.18%, Number of sales 66, Weekly median advertised rent $295

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

At number 3298th in the list of Australian suburbs ordered by increase in median house value over the last year, Tuart Hill, 6060 is in the BOTTOM 30% with a property value increase of -2.68% recorded in median house prices.

Tuart Hill,6060 has offered an average of -2.68% return per annum in house price rises to property investors over the last three years.

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 Tuart Hill, 6060. Typically our figures indicate that -6.75% is being offered, which puts this WA suburb at 1355th most discounted overall in Australia.

Often selling an investment property can take time, and in Tuart Hill the average time real estate has been on the market is 85.13 days.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.63%, without taking into account capital value appreciation, which has been averaging out at 1.07%.

If you compare the increase in value of investment property in Tuart Hill, 6060 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -0.13%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tuart Hill has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Tuart Hill are currently offering property investors an average price cut of -7.89% below the asking price at the moment.

Property investors should expect to get $295 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$545,000 $377,500
-0.55% 2.72%
-2.68% -0.13%
1.07% 2.18%
$380 $295
78 66
3.63% 4.06%
85.13 91.22

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 6705
Median household income ($/weekly) 1154
Median age of persons 34
Median housing loan repayment ($/monthly) 1928
Average household size 2
  • Census Count Percent(%)
    20-24 years 519 7.7
    25-34 years 1753 26.1
    35-44 years 1045 15.6
    45-54 years 781 11.6
    55-64 years 645 9.6
    Others 1962 29.3
    Age Group
    Census Count Percent(%)
    Not Married 2711 51.2
    Registered Married 1918 36.2
    Defacto Relationship 670 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3347 53.8
    Indonesia 300 4.8
    Japan 269 4.3
    United Kingdom 395 6.3
    Other 609 9.8
    Others 1306 21.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 285 4.8
    Christianity 3705 61.8
    Hinduism 239 4.0
    Islam 269 4.5
    No Religion 1386 23.1
    Others 110 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 328 11.2
    $600-$799 271 9.2
    $1,000-$1,249 286 9.7
    $1,250-$1,499 270 9.2
    $1,500-$1,999 375 12.8
    Others 1406 47.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2485 45.7
    Not in the labour force 1618 29.7
    Employed, worked part-time 950 17.5
    Unemployed, looking for work 197 3.6
    Employed, away from work 193 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 945 26.0
    Technicians & trades workers 516 14.2
    Community & personal service workers 345 9.5
    Clerical & administrative workers 578 15.9
    Labourers 348 9.6
    Others 896 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 78 6.5
    Infants/Primary 267 22.3
    Secondary 185 15.4
    Technical or Further Educational Institution 233 19.4
    University or other Tertiary Institutions 361 30.1
    Others 74 6.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 2870 46.1
    Separate house 2227 35.8
    Flat, unit or apartment 1131 18.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1354 43.7
    Being purchased 913 29.5
    Fully owned 806 26.0
    Other tenure type 23 0.7
    Tenure Type
Census 2011, ABS
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