Suburb Profile Report for Girrawheen WA (6064)

Girrawheen House: Median price $375,000, Annual capital growth 4.73%, Number of sales 105, Weekly median advertised rent $330

Girrawheen Unit: Median price $280,000, Annual capital growth 3.16%, Number of sales 17, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3776th in the list of Australian suburbs ordered by increase in median house value over the last year, Girrawheen, 6064 is in the BOTTOM 10% with a property value increase of -9.64% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Girrawheen comes in at number 190th in WA.

Vendor discounting in Girrawheen is giving property investors an average Vendor Discount of around -7.82%. This puts suburb at number 167th in WA when ranking the most discounted suburbs.

If you compare the increase in value of investment property in Girrawheen, 6064 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -13.85%.

When looking at the potential capital gains offered to property investors over the last 3 years, Girrawheen comes in at number 69th in WA.

Sellers are offering property buyers an average discount of -12.91% to buyers in Girrawheen at the moment, which is less than average for the rest of WA.

Often selling an investment property can take time, and in Girrawheen the average time real estate has been on the market is 161.36 days.

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
HOUSE UNIT
$375,000 $280,000
-3.85% -5.08%
-9.64% -13.85%
4.73% 3.16%
$330 $300
105 17
4.58% 5.57%
67.8 161.36

Source: CoreLogic

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