Suburb Profile Report for The Vines WA (6069)

The Vines House: Median price $687,500, Annual capital growth 6.94%, Number of sales 84, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Expert Report

If you compare the increase in value of investment property in The Vines, 6069 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was 1.33%.

If we look at median property appreciation over just the last three months, The Vines has given property investors a paper return of 0.73%. This puts Suburb as 90 on a list of fastest fasting appreciating suburbs in WA

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.22% offered to property buyers. Sellers in The Vines itself are offering an average vendor discount of -8.07% to real estate investors.

Matt Condit Information supplied by:

Matt Condit
Granger Clark

M 08 9249 6888
O 0407 160 037

W www.grangerclark.com.au
E matt.condit@grangerclark.com.au
Investment property in The Vines, WA, 6069 has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.92%.

While The Vines,6069 ranked number 78th in WA for increase in median house value (annualised) increase, it is ranked 99th over the last 5 years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -9.49% offered to property buyers. Sellers in The Vines itself are offering an average vendor discount of -10.44% to real estate investors.

In the last year 113 properties changed hands in The Vines, which puts it as the 136th most active market in WA when comparing the number of sales per suburb.

With the median price for a house in The Vines being $669000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.28%.Full summary

Investment property in Suburb has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.92%.

 

While The Vines,6069 ranked number 78th in WA for increase in median house value (annualised) increase, it is ranked 99th over the last 5 years.

 

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -9.49% offered to property buyers. Sellers in The Vines itself are offering an average vendor discount of -10.44% to real estate investors.

 

In the last year 113 properties changed hands in The Vines, which puts it as the 136th most active market in WA when comparing the number of sales per suburb.

 

With the median price for a house in The Vines being $669000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.28%.

 

Selling points: Nestled in the heart of the picturesque Swan Valley region it boasts astounding views in many areas.

Most sought-after properties: House

 

Most common properties: House 

 

Top amenities: The Vines Resort & Country Club

 

Local industry and business: Close proximity to Midland industrial & commercial areas. Situated 26km from the Perth GPO.

 

Recent changes: The area grows more & more popular because of its picturesque scenes, vineyards etc, with that comes the demand for more wineries that are forever opening.

 

Best streets: Pavilion Circle & surrounds

 

Public transport: No Bus or Train Station

 

Main arteries: Gnangara Road & West Swan Road

Close
HOUSE UNIT
$687,500 N/A
0.73% N/A
1.33% N/A
6.94% N/A
$450 N/A
84 N/A
3.40% N/A
136.34 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Below average (U)
Find a mortgage broker in The Vines WA
Demographics
Total population 3137
Median household income ($/weekly) 2193
Median age of persons 39
Median housing loan repayment ($/monthly) 2500
Average household size 3
  • Census Count Percent(%)
    5-14 years 542 17.3
    25-34 years 252 8.0
    35-44 years 559 17.8
    45-54 years 554 17.6
    55-64 years 377 12.0
    Others 855 27.2
    Age Group
    Census Count Percent(%)
    Registered Married 1422 65.0
    Not Married 602 27.5
    Defacto Relationship 164 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1855 61.3
    Papua New Guinea 83 2.7
    South Africa 121 4.0
    United Kingdom 675 22.3
    Other 107 3.5
    Others 187 6.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 30 1.0
    Christianity 2127 72.7
    Hinduism 16 0.5
    Islam 18 0.6
    No Religion 726 24.8
    Others 8 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 100 11.3
    $2,000-$2,499 89 10.0
    $2,500-$2,999 148 16.7
    $3,000-$3,499 121 13.6
    $4,000 or more 81 9.1
    Others 349 39.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1059 45.9
    Not in the labour force 569 24.7
    Employed, worked part-time 502 21.8
    Employed, away from work 114 4.9
    Unemployed, looking for work 62 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 282 16.8
    Professionals 305 18.2
    Technicians & trades workers 264 15.7
    Community & personal service workers 176 10.5
    Clerical & administrative workers 310 18.5
    Others 342 20.4
    Occupation
    Census Count Percent(%)
    Pre-school 46 5.5
    Infants/Primary 363 43.4
    Secondary 255 30.5
    Technical or Further Educational Institution 49 5.9
    University or other Tertiary Institutions 101 12.1
    Others 23 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2817 95.7
    Semi-detached, row or terrace house, townhouse 128 4.3
    Flat, unit or apartment 0 0.0
    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 591 58.3
    Fully owned 281 27.7
    Rented 137 13.5
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals