Suburb Profile Report for Nollamara WA (6061)

Nollamara House: Median price $407,500, Annual capital growth 0.52%, Number of sales 221, Weekly median advertised rent $350

Nollamara Unit: Median price $340,000, Annual capital growth -0.45%, Number of sales 52, Weekly median advertised rent $325

  • 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 -7.81%

Nollamara,6061 has offered an average of -7.81% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Nollamara is giving property investors an average Vendor Discount of around -8.72%. This puts suburb at number 122th in WA when ranking the most discounted suburbs.

On average over the past year, suburb has had 18.42 sales per month, which equates to 221 per year.

Nollamara, 6061’s gross rental yield is 4.47%

At number 1416th in the list of Australian suburbs ordered by increase in median house value over the last year, Nollamara, 6061 is in the BOTTOM 20% with a property value increase of -5.56% recorded in median house prices.

A -7.48% growth in median value for property investors in Nollamara,6061 puts this suburb at number 61th in terms of best performing suburbs in WA

LACK OF BUYER INTEREST may well be the reason that Nollamara is offering property investors an average of -8.71. This rate of discount on properties puts Suburb at number 2nd in terms of most discounted suburbs in WA

Often selling an investment property can take time, and in Nollamara the average time real estate has been on the market is 142.38 days.

Metrics i HOUSE UNIT
$407,500 $340,000
-2.98% -2.58%
-7.81% -5.56%
0.52% -0.45%
$350 $325
221 52
4.47% 4.97%
102.78 142.38

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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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