Suburb Profile Report for Bull Creek WA (6149)

Bull Creek House: Median price $705,000, Annual capital growth 2.94%, Number of sales 76, Weekly median advertised rent $430

  • 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 Bull Creek, 6149 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 -6.00%

Over the longer term, Bull Creek has seen property prices show investors a -4.08% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Bull Creek is offering property investors an average of -8.23. This rate of discount on properties puts Suburb at number 274th in terms of most discounted suburbs in WA

Often selling an investment property can take time, and in Bull Creek the average time real estate has been on the market is 85.02 days.

Bull Creek is 334th on a list of best yielding suburbs for rents in WA with a 3.17% return

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Nestled near the banks of the Canning River, south of the Perth CBD, Bull Creek combines spacious family living with swift access to the city by road or public transport.

With some of the best schools in Perth and home to WA’s next flagship hospital, local agents are bullish on Bull Creek. “I can’t see any real negatives over the next five to 10 years [for Bull Creek]”, says David Ainger of Harcourts Prestige.

Full summary

Nestled near the banks of the Canning River, south of the Perth CBD, Bull Creek combines spacious family living with swift access to the city by road or public transport. 

With some of the best schools in Perth and home to WA’s next flagship hospital, local agents are bullish on Bull Creek. “I can’t see any real negatives over the next five to 10 years [for Bull Creek]”, says David Ainger of Harcourts Prestige. 

The suburb is just 12km from Perth’s centre with good freeway access and large lots that are likely to attract young families. The area is 84% houses with a median price of $627,000. Ainger says he is seeing movement in mid-range homes priced from $450,000-$700,000. 

 “It is pretty jolly good to still have good sized blocks and also live 11 minutes from the city by freeway,” Ainger says. He adds that Bull Creek “will probably be high-density living in the future,” due to the expected completion of the Fiona Stanley Hospital in 2014. 

This $2bn facility is expected to be WA’s flagship healthcare facility, and the nearby Murdoch University and emerging commercial development projects further south in Jandakot City further enhance investors’ interest in the area, Ainger says. “The impact of these developments has all got to be good. The area is sought after, even now, and will only improve.” 

Pricefinder data shows steady growth for median house prices in Bull creek over the past 18 years. Periods of minor negative growth have occurred in the wake of the GFC and uncertainty in Europe, but long term growth continues to trend steadily upwards. The numbers suggest now is a good time to buy, with growth set to return to positives in the near future.

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Metrics i HOUSE UNIT
$705,000 N/A
-2.76% N/A
-6.00% N/A
2.94% N/A
$430 N/A
76 N/A
3.17% N/A
85.02 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 7541
Median household income ($/weekly) 1564
Median age of persons 43
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 810 10.7
    25-34 years 734 9.7
    35-44 years 810 10.7
    45-54 years 1038 13.8
    55-64 years 1189 15.8
    Others 2960 39.3
    Age Group
    Census Count Percent(%)
    Registered Married 3198 54.3
    Not Married 2389 40.6
    Defacto Relationship 303 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4136 57.4
    Malta 532 7.4
    Singapore 214 3.0
    United Kingdom 735 10.2
    Other 327 4.5
    Others 1264 17.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 375 5.4
    Christianity 4446 64.1
    Hinduism 223 3.2
    Islam 88 1.3
    No Religion 1737 25.0
    Others 69 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 227 9.3
    $1,500-$1,999 271 11.1
    $2,000-$2,499 219 9.0
    $2,500-$2,999 297 12.1
    $3,000-$3,499 191 7.8
    Others 1241 50.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2231 36.3
    Employed, worked full-time 2229 36.2
    Employed, worked part-time 1264 20.5
    Employed, away from work 247 4.0
    Unemployed, looking for work 182 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 471 12.6
    Professionals 1211 32.3
    Technicians & trades workers 436 11.6
    Community & personal service workers 336 9.0
    Clerical & administrative workers 608 16.2
    Others 682 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 79 4.2
    Infants/Primary 524 28.1
    Secondary 508 27.2
    Technical or Further Educational Institution 146 7.8
    University or other Tertiary Institutions 580 31.1
    Others 29 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6332 89.5
    Flat, unit or apartment 485 6.9
    Semi-detached, row or terrace house, townhouse 261 3.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1189 44.2
    Being purchased 849 31.6
    Rented 479 17.8
    Other tenure type 171 6.4
    Tenure Type
Census 2011, ABS
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