Suburb Profile Report for Wanneroo WA (6065)

Wanneroo House: Median price $450,000, Annual capital growth 3.48%, Number of sales 187, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Wanneroo has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.23%

Across a shorter period, Wanneroo, 6065 has seen a median price increase of 0.00% over the last quarter.

Wanneroo, 6065 is offering WA ‘s 383th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this WA.

Wanneroo, 6065’s gross rental yield is 4.39%

Samuel Hedges Information supplied by:

Samuel Hedges
Davey Real Estate

M
O (08) 9405 6060

W www.daveyrealestate.com.au
E samuelh@daveyrealestate.com.au
The suburb of Wanneroo is a large and diverse area. With small new lot developments to large rural acreage properties providing local’s the opportunity to work on, or enjoy a rural lifestyle close to a city precinct. In general, the suburb has sizeable land lots that are now under consideration for redevelopment.Full summary

Selling points: The suburb of Wanneroo is a large and diverse area. With small new lot developments to large rural acreage properties providing local’s the opportunity to work on, or enjoy a rural lifestyle close to a city precinct. In general, the suburb has sizeable land lots that are now under consideration for redevelopment. The proposal is currently with the Western Australian Planning Commission and is pending an approval. With most of the central part of the suburb reaching 30 – 40 years old it’s an ideal opportunity for investor’s secure large lots that may be developable in the very near future.

Most sort after properties: The turnover market is between $300,000 - $400,000 houses. These 3 & 4 bed double brick & tile houses usually fetch strong interest and good rental returns.

Most common properties: 99% of properties in the suburb are double brick and tile construction. Most were built in the 1970’s, with some original homesteads dating back to the 1940’s.

Top amenities: Wanneroo host’s a number of amenities - brand new shopping centre, new developments for businesses, several government & private schools, new cafe’s, a theatre, public gym pool & spa facility, public transport direct to the city, runs adjacent to Lake Joondalup – fantastic for family activities especially at Rotary Park. Wanneroo is an easy fifteen minute drive to the beach.

Local industry and business: The local economy is supported by a number of market gardeners. These people produce large portions of the domestic fruit and vegetables that are distributed state wide.

Recent changes: The single biggest new development has been a brand new shopping centre. It’s created lots of new jobs for locals and has increased local businesses trade due to the larger numbers of people using the facility.

Best streets: Investors should seek opportunities within a 400 meter circumference of the new shopping centre as the council has earmarked it for redevelopment. Subdivisional potential is one of the key elements for an investor seeking to capitalize on capital growth and or development opportunity. Remembering that the improvement of a property can always be altered but the location never changes.

Public transport: Although not on a train route the bus service is regular and efficient enough for direct access to the city, train stations and to other major neighbouring shopping/ educational & business hubs.

Main arteries: There are a number of major arterial roads that link Wanneroo to; the city, beach, swan valley and it’s commonly known as the gateway to the North (of WA). Wanneroo Road; servicing the city and the North of WA, Ocean Reef Road; connecting the beach & the Swan Valley.

Close
HOUSE UNIT
$450,000 N/A
0.00% N/A
-3.23% N/A
3.48% N/A
$380 N/A
187 N/A
4.39% N/A
71.32 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 11900
Median household income ($/weekly) 1287
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1391 11.7
    25-34 years 1676 14.1
    35-44 years 1510 12.7
    45-54 years 1567 13.2
    55-64 years 1538 12.9
    Others 4219 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 4319 49.5
    Not Married 3403 39.0
    Defacto Relationship 1006 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6987 61.8
    Papua New Guinea 498 4.4
    South Africa 229 2.0
    United Kingdom 2108 18.6
    Other 418 3.7
    Others 1074 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 187 1.7
    Christianity 7278 67.1
    Hinduism 93 0.9
    Islam 107 1.0
    No Religion 3080 28.4
    Others 96 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 399 10.3
    $600-$799 343 8.9
    $1,000-$1,249 373 9.6
    $1,500-$1,999 550 14.2
    $2,000-$2,499 395 10.2
    Others 1810 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3723 40.3
    Not in the labour force 3021 32.7
    Employed, worked part-time 1756 19.0
    Employed, away from work 434 4.7
    Unemployed, looking for work 296 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 797 13.5
    Technicians & trades workers 1282 21.7
    Community & personal service workers 597 10.1
    Clerical & administrative workers 903 15.3
    Labourers 686 11.6
    Others 1650 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 175 7.4
    Infants/Primary 864 36.8
    Secondary 628 26.7
    Technical or Further Educational Institution 267 11.4
    University or other Tertiary Institutions 358 15.2
    Others 57 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10207 92.0
    Semi-detached, row or terrace house, townhouse 465 4.2
    Flat, unit or apartment 268 2.4
    Caravan, cabin, houseboat 154 1.4
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1980 46.3
    Fully owned 1303 30.4
    Rented 907 21.2
    Other tenure type 90 2.1
    Tenure Type
Census 2011, ABS
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