Suburb Profile Report for Serpentine WA (6125)

Serpentine House: Median price $645,000, Annual capital growth 4.83%, Number of sales 17, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Expert Report

Serpentine is in the TOP 10% in WA when comparing median price capital growth over the last year. Serpentine gave property investors a very good capital gain figure when compared to the rest of the state, with 9.32%.

Over the longer term, Serpentine has seen property prices show investors a 10.54% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Serpentine 6125 should be seeing an average reduction in asking price of around -6.35% . This means that Serpentine is holding prices well when compared to other suburbs in WA.

In the last year 17 properties changed hands in Serpentine, which puts it as the 383th most active market in WA when comparing the number of sales per suburb.

YIP MAG Information supplied by:

YIP MAG
December 2015

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Being relatively close to Perth’s city limits may be helping Serpentine avoid the troubles of other regional markets in WAFull summary Being relatively close to Perth’s city limits may be helping Serpentine avoid the troubles of other regional markets in WA.

Located 55km from Perth, Serpentine has seen an increase in its vacancy rate over the past 12 months, but this hasn’t grown by much, increasing from 0.14% to 0.42%.

Bordering the Serpentine National Park, the township is popular with families, with figures from the ABS showing there are 307 who call the town home.

That is reflected in the town’s housing stock, which is predominantly made up of detached houses, at 98.8% of the total number of dwellings, and they tend to be on the larger side of things.

About 67.3% of houses have four or more bedrooms, while another 22% are three-bedroom houses.

Rental properties in the area also seem to be affordable for tenants, as 97.6% of tenants use less than 30% of their income to pay their rent each week.Close
HOUSE UNIT
$645,000 N/A
-0.39% N/A
9.32% N/A
4.83% N/A
N/A N/A
17 N/A
N/A N/A
101.81 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 2024
Median household income ($/weekly) 1363
Median age of persons 41
Median housing loan repayment ($/monthly) 2038
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 339 16.7
    35-44 years 327 16.1
    45-54 years 329 16.2
    55-64 years 273 13.5
    65-74 years 205 10.1
    Others 552 27.3
    Age Group
    Census Count Percent(%)
    Registered Married 863 60.8
    Not Married 372 26.2
    Defacto Relationship 185 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1455 75.6
    New Zealand 17 0.9
    Papua New Guinea 55 2.9
    United Kingdom 329 17.1
    Other 18 0.9
    Others 51 2.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1248 68.3
    No Religion 550 30.1
    Buddhism 14 0.8
    Other Religious Groups 13 0.7
    Islam 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 66 10.9
    $600-$799 72 11.9
    $1,500-$1,999 61 10.1
    $2,000-$2,499 61 10.1
    $2,500-$2,999 74 12.3
    Others 269 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 581 38.8
    Not in the labour force 491 32.8
    Employed, worked part-time 318 21.2
    Employed, away from work 64 4.3
    Unemployed, looking for work 43 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 111 11.5
    Professionals 117 12.1
    Technicians & trades workers 214 22.2
    Clerical & administrative workers 139 14.4
    Machinery operators & drivers 120 12.4
    Others 263 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 24 5.4
    Infants/Primary 233 52.5
    Secondary 111 25.0
    Technical or Further Educational Institution 37 8.3
    University or other Tertiary Institutions 32 7.2
    Others 7 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1867 99.0
    Semi-detached, row or terrace house, townhouse 12 0.6
    Caravan, cabin, houseboat 4 0.2
    Improvised home, tent, sleepers out 3 0.2
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 327 47.6
    Fully owned 263 38.3
    Rented 89 13.0
    Other tenure type 8 1.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals