Suburb Profile Report for Nollamara WA (6061)

Nollamara House: Median price $420,000, Annual capital growth 1.33%, Number of sales 222, Weekly median advertised rent $350

Nollamara Unit: Median price $345,000, Annual capital growth 0.14%, Number of sales 45, Weekly median advertised rent $328

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Nollamara, 6061 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 -6.67%

Nollamara,6061 was ranked 3220 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Nollamara should be aiming for at least -7.86% off the asking price, which is the average vendor discount being achieved at the moment.

Nollamara, 6061’s gross rental yield is 4.33%

Over the last year, property investments in Nollamara, 6061 have given investors a capital gain of -6.63%. This compares badly with the -2.78% for WA as a whole.

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

Nollamara6061 is located in WA which offers an average discount of -8.10% to property investors. Nollamara itself is showing figures that indicate -9.51% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.

With the median price for a house in Nollamara being $345000 and the advertised rent reaching $327.5 the gross rental yield for property investors calculates out to be 4.94%

Metrics i HOUSE UNIT
$420,000 $345,000
-1.41% -1.43%
-6.67% -6.63%
1.33% 0.14%
$350 $328
222 45
4.33% 4.94%
89.62 119.2

Source: CoreLogic

DSR Score for property investment : Below average (H), Above average (U)
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Demographics
Total population 9887
Median household income ($/weekly) 1158
Median age of persons 32
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 909 9.2
    25-34 years 2513 25.4
    35-44 years 1363 13.8
    45-54 years 992 10.0
    55-64 years 890 9.0
    Others 3220 32.6
    Age Group
    Census Count Percent(%)
    Not Married 3681 49.3
    Registered Married 2905 38.9
    Defacto Relationship 886 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4820 53.1
    Indonesia 317 3.5
    Papua New Guinea 301 3.3
    United Kingdom 498 5.5
    Other 1191 13.1
    Others 1953 21.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 506 5.7
    Christianity 5205 58.8
    Hinduism 228 2.6
    Islam 579 6.5
    No Religion 2093 23.6
    Others 242 2.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 386 10.4
    $600-$799 343 9.3
    $1,000-$1,249 377 10.2
    $1,250-$1,499 344 9.3
    $1,500-$1,999 479 12.9
    Others 1778 48.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3167 41.8
    Not in the labour force 2530 33.4
    Employed, worked part-time 1270 16.7
    Employed, away from work 328 4.3
    Unemployed, looking for work 288 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1000 21.0
    Technicians & trades workers 727 15.3
    Community & personal service workers 522 11.0
    Clerical & administrative workers 776 16.3
    Labourers 518 10.9
    Others 1217 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 129 6.5
    Infants/Primary 562 28.2
    Secondary 337 16.9
    Technical or Further Educational Institution 341 17.1
    University or other Tertiary Institutions 510 25.6
    Others 112 5.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 4342 47.4
    Separate house 4103 44.8
    Flat, unit or apartment 722 7.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1810 45.5
    Being purchased 1248 31.4
    Fully owned 903 22.7
    Other tenure type 17 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals