Suburb Profile Report for Koondoola WA (6064)

Koondoola House: Median price $372,500, Annual capital growth 4.11%, Number of sales 52, Weekly median advertised rent $323

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

Source: CoreLogic

  • House Report
  • Expert Report

Property investors who have had real estate in Koondoola, 6064 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 -11.31%

Koondoola,6064 has offered an average of -11.31% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -7.92% to buyers in Koondoola at the moment, which is less than average for the rest of WA.

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Some 15km north of the Perth CBD, Koondoola is a small suburb, relative to its neighbours. It also has much smaller prices. Nearby Alexander Heights’s median price is $90,000 more expensive ($425,000), as are median prices in other neighbours: Wanneroo ($405,000) and Landsdale ($504,000).

Full summary

Some 15km north of the Perth CBD, Koondoola is a small suburb, relative to its neighbours. It also has much smaller prices. Nearby Alexander Heights’s median price is $90,000 more expensive ($425,000), as are median prices in other neighbours: Wanneroo ($405,000) and Landsdale ($504,000).  

Offering similar sized properties in the same region of Perth, certain figures indicate that buyers may be noticing the relative affordability of Koondoola within the region. Auction clearance rates are at 100%, indicating that properties that come into the market are well sought after. Vacancy rates are exceptionally tight at 0.25%, and properties in the area are well held onto – just 0.53% of the properties within the suburb are up for sale.

The favourable supply and demand situation aside, the area offers advantages that extent far beyond just being next door to less affordable neighbours. The CBD is easily accessible and the area is home to a mixture of modern and older houses – the latter set onto fairly larger blocks.

Memet Demiroski of Professionals Real Estate Group says re-zoning plans within the larger north Perth region may change the supply and demand landscape for suburbs such as Koondoola in a favourable way. He estimates property values to double over the next five years.  “Koondoola is a fantastic entry point to get into the real estate market,” he says.

Close
HOUSE UNIT
$372,500 N/A
-5.70% N/A
-11.31% N/A
4.11% N/A
$323 N/A
52 N/A
4.50% N/A
82.04 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 3897
Median household income ($/weekly) 947
Median age of persons 32
Median housing loan repayment ($/monthly) 1387
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 655 16.8
    25-34 years 560 14.4
    35-44 years 549 14.1
    45-54 years 447 11.5
    55-64 years 423 10.9
    Others 1263 32.4
    Age Group
    Census Count Percent(%)
    Not Married 1328 49.8
    Registered Married 1140 42.7
    Defacto Relationship 201 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1977 55.0
    Papua New Guinea 83 2.3
    United Kingdom 232 6.5
    Viet Nam 210 5.8
    Other 631 17.6
    Others 459 12.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 279 8.0
    Christianity 2092 60.3
    Hinduism 23 0.7
    Islam 372 10.7
    No Religion 687 19.8
    Others 16 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 124 11.0
    $400-$599 144 12.8
    $600-$799 139 12.3
    $1,000-$1,249 125 11.1
    $1,500-$1,999 133 11.8
    Others 463 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1188 44.0
    Employed, worked full-time 861 31.9
    Employed, worked part-time 404 14.9
    Unemployed, looking for work 144 5.3
    Employed, away from work 106 3.9
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 232 17.0
    Community & personal service workers 160 11.7
    Clerical & administrative workers 168 12.3
    Machinery operators & drivers 200 14.6
    Labourers 268 19.6
    Others 340 24.9
    Occupation
    Census Count Percent(%)
    Pre-school 73 7.8
    Infants/Primary 369 39.3
    Secondary 241 25.6
    Technical or Further Educational Institution 134 14.3
    University or other Tertiary Institutions 97 10.3
    Others 26 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3423 93.4
    Semi-detached, row or terrace house, townhouse 218 6.0
    Flat, unit or apartment 22 0.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 532 43.5
    Rented 394 32.2
    Fully owned 294 24.0
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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