Suburb Profile Report for Girrawheen WA (6064)

Girrawheen House: Median price $370,000, Annual capital growth 2.29%, Number of sales 99, Weekly median advertised rent $320

Girrawheen Unit: Median price $286,000, Annual capital growth 0.71%, Number of sales 16, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Girrawheen has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -9.76% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Girrawheen comes in at number 184th in WA.

At number 104th of WA’s most discounted properties, Girrawheen is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Girrawheen have been waiting around 78.6 days to sell a property.

Over the last year, property investments in Girrawheen, 6064 have given investors a capital gain of -7.74%. This compares badly with the -2.78% for WA as a whole.

Girrawheen,6064 has offered an average of -7.74% return per annum in house price rises to property investors over the last three years.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.10% offered to property buyers. Sellers in Girrawheen itself are offering an average vendor discount of -6.99% to real estate investors.

At number 1298 in a list of fastest selling suburbs, Girrawheen is in the bottom 20% of suburbs in Australia with an average of days on market 115.85 for properties listed there.

Renters in Suburb are facing rents around $3540 per annum or $295 every week.

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
$370,000 $286,000
-1.33% 2.14%
-9.76% -7.74%
2.29% 0.71%
$320 $295
99 16
4.50% 5.36%
78.6 115.85

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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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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Recent sales & rentals