Suburb Profile Report for Girrawheen WA (6064)

Girrawheen House: Median price $349,500, Annual capital growth 1.05%, Number of sales 110, Weekly median advertised rent $295

Girrawheen Unit: Median price $276,500, Annual capital growth -0.16%, Number of sales 14, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

WA has seen average median house prices change by -2.82% which means that Girrawheen, 6064 has not done well for property investors by showing a capital gain of -8.03% over the last year

The five-year average increase in median property values for Girrawheen,6064 has given property investors a potential capital gain of 9.22% across each of those five 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 Girrawheen, 6064. Typically our figures indicate that -10.81% is being offered, which puts this WA suburb at 213th most discounted overall in Australia.

In the last year 110 properties changed hands in Girrawheen, which puts it as the 93th most active market in WA when comparing the number of sales per suburb.

A $295 per week rent on the median house gives suburb investors a gross yield of circa 4.39%, without taking into account capital value appreciation, which has been averaging out at 1.05%.

Girrawheen, 6064 ranked 35th in WA when comparing growth in median property values or capital gain over the last 12 months. Girrawheen is one of 1662 in our list for WA

The five-year average increase in median property values for Girrawheen,6064 has given property investors a potential capital gain of 4.34% across each of those five years.

Property buyers and investors in Girrawheen 6064 should be seeing an average reduction in asking price of around -13.68% . This means that Girrawheen is holding prices well when compared to other suburbs in WA.

YIP MAG Information supplied by:

YIP MAG
June 2016

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The amount of stock on the market in Girrawheen, in Perth’s northern fringes, has fallen quite significantly in the past 12 months.Full summary The amount of stock on the market in Girrawheen, in Perth’s northern fringes, has fallen quite significantly in the past 12 months.

Real Estate Investar’s latest figures show stock levels have fallen by 57.9% during that period.

While there may be fewer opportunities to buy in the suburb, investors should do some research lest they be swayed by a fear of missing out.

With a median house price of $405,500, the suburb is an affordable one, but there are signs that its market may be moderating.

House prices have fallen 6% in the past year and vendors are offering an average discount of 6% to see sales completed.

It’s a similar story for units in the suburb, with prices down 5% to $312,500 in the past year.

Although stock levels have fallen, houses aren’t selling quickly, with the average house in Girrawheen spending 71 days on the market.

 Close
Metrics i HOUSE UNIT
$349,500 $276,500
-0.14% -3.32%
-8.03% -2.47%
1.05% -0.16%
$295 $280
110 14
4.39% 5.27%
105.29 132.6

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Girrawheen WA
Demographics
Total population 8334
Median household income ($/weekly) 988
Median age of persons 33
Median housing loan repayment ($/monthly) 1500
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1130 13.6
    25-34 years 1344 16.1
    35-44 years 1166 14.0
    45-54 years 994 11.9
    55-64 years 948 11.4
    Others 2751 33.0
    Age Group
    Census Count Percent(%)
    Not Married 2986 49.8
    Registered Married 2361 39.4
    Defacto Relationship 646 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4440 57.4
    Papua New Guinea 235 3.0
    United Kingdom 545 7.1
    Viet Nam 421 5.4
    Other 1060 13.7
    Others 1028 13.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 510 6.8
    Christianity 4658 62.1
    Islam 505 6.7
    Other Religious Groups 74 1.0
    No Religion 1721 22.9
    Others 36 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 313 11.8
    $600-$799 323 12.2
    $800-$999 297 11.2
    $1,000-$1,249 291 11.0
    $1,500-$1,999 332 12.5
    Others 1094 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2313 38.2
    Employed, worked full-time 2187 36.2
    Employed, worked part-time 1016 16.8
    Employed, away from work 267 4.4
    Unemployed, looking for work 265 4.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 656 18.9
    Community & personal service workers 465 13.4
    Clerical & administrative workers 444 12.8
    Machinery operators & drivers 359 10.3
    Labourers 586 16.9
    Others 962 27.7
    Occupation
    Census Count Percent(%)
    Pre-school 129 6.9
    Infants/Primary 689 36.7
    Secondary 443 23.6
    Technical or Further Educational Institution 283 15.1
    University or other Tertiary Institutions 246 13.1
    Others 88 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6673 84.9
    Flat, unit or apartment 665 8.5
    Semi-detached, row or terrace house, townhouse 514 6.5
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1249 43.0
    Rented 909 31.3
    Fully owned 728 25.1
    Other tenure type 16 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals