Suburb Profile Report for Willagee WA (6156)

Willagee House: Median price $555,000, Annual capital growth 2.76%, Number of sales 85, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Expert Report

With a capital gain of -1.77% for the last 12 months, Willagee, 6156 has performed for property investments than its average annual 2.76% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Willagee comes in at number 201th in WA.

Our latest figures would indicate that property sellers in Willagee are currently offering property investors an average price cut of -8.55% below the asking price at the moment.

A $385 per week rent on the median house gives suburb investors a gross yield of circa 3.61%, without taking into account capital value appreciation, which has been averaging out at 2.76%.

YIP MAG Information supplied by:

YIP MAG
April 2015

M
O

W
E
Surrounded by significantly more expensive suburbs, Willagee is sitting on the brink of elevationFull summary Surrounded by significantly more expensive suburbs, Willagee is sitting on the brink of elevation.

Situated in a prime location with easy access to the beach, river and Perth’s CBD, it is easy to understand why interest in the area is significantly on the rise.

Currently with a vacancy rate of just 1.25%, this is expected to further shrink as more people realise the potential of the area.

Willagee offers almost anything people could want or need from a suburb.

With 10 parks and reserves, a library, community centre, school and great public transport, the suburb is becoming very popular with families.

Many development projects underway mean the facilities in the area are only going to keep improving.

The recent revitalisation of the Archibald Street shopping strip is just one example of many.

Popular streets in the suburb include Winnacott Street and Butler Street due to their central location.Close
Metrics i HOUSE UNIT
$555,000 N/A
0.00% N/A
-1.77% N/A
2.76% N/A
$385 N/A
85 N/A
3.61% N/A
68.66 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (U)
Find a mortgage broker in Willagee WA
Demographics
Total population 4767
Median household income ($/weekly) 1019
Median age of persons 36
Median housing loan repayment ($/monthly) 2100
Average household size 2.3
  • Census Count Percent(%)
    0-4 years 407 8.5
    5-14 years 624 13.1
    25-34 years 743 15.6
    35-44 years 826 17.3
    45-54 years 519 10.9
    Others 1648 34.6
    Age Group
    Census Count Percent(%)
    Not Married 1718 50.7
    Registered Married 1282 37.9
    Defacto Relationship 387 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3309 74.4
    Papua New Guinea 143 3.2
    Philippines 56 1.3
    United Kingdom 354 8.0
    Other 170 3.8
    Others 417 9.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 2.2
    Christianity 2612 61.0
    Islam 29 0.7
    Other Religious Groups 24 0.6
    No Religion 1495 34.9
    Others 26 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 230 13.6
    $400-$599 185 11.0
    $600-$799 144 8.5
    $800-$999 133 7.9
    $1,500-$1,999 169 10.0
    Others 824 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1348 38.3
    Employed, worked full-time 1271 36.1
    Employed, worked part-time 652 18.5
    Employed, away from work 134 3.8
    Unemployed, looking for work 117 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 206 10.0
    Professionals 518 25.2
    Technicians & trades workers 311 15.1
    Clerical & administrative workers 296 14.4
    Labourers 207 10.1
    Others 519 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 85 8.1
    Infants/Primary 381 36.5
    Secondary 243 23.3
    Technical or Further Educational Institution 101 9.7
    University or other Tertiary Institutions 211 20.2
    Others 23 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3877 87.2
    Semi-detached, row or terrace house, townhouse 315 7.1
    Flat, unit or apartment 252 5.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 749 40.1
    Being purchased 686 36.7
    Fully owned 379 20.3
    Other tenure type 54 2.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals