Suburb Profile Report for Bicton WA (6157)

Bicton House: Median price $860,000, Annual capital growth 1.44%, Number of sales 66, Weekly median advertised rent $450

Bicton Unit: Median price $460,000, Annual capital growth 1.48%, Number of sales 38, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

WA has seen average median house prices change by -4.17% which means that Bicton, 6157 has not done well for property investors by showing a capital gain of -7.28% over the last year

Over the longer term, Bicton has seen property prices show investors a -6.52% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Bicton is giving property investors an average Vendor Discount of around -7.88%. This puts suburb at number 193th in WA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Bicton the average time real estate has been on the market is 73.93 days.

Situated 10.80km from the CBD, Bicton is one of Melville localities in the postcode 6157.

Over the last year, property investments in Bicton, 6157 have given investors a capital gain of -4.17%. This compares averagely with the -5.10% for WA as a whole.

The five-year average increase in median property values for Bicton,6157 has given property investors a potential capital gain of 5.50% across each of those five years.

Property buyers and investors in Bicton 6157 should be seeing an average reduction in asking price of around -6.33% . This means that Bicton is holding prices well when compared to other suburbs in WA.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

Metrics i HOUSE UNIT
$860,000 $460,000
-2.05% -0.54%
-7.28% -4.17%
1.44% 1.48%
$450 $350
66 38
2.72% 3.96%
73.93 63.42

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 6348
Median household income ($/weekly) 1573
Median age of persons 44
Median housing loan repayment ($/monthly) 2283
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 741 11.7
    25-34 years 686 10.8
    35-44 years 840 13.2
    45-54 years 992 15.6
    55-64 years 848 13.4
    Others 2241 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 2363 50.4
    Not Married 1857 39.6
    Defacto Relationship 464 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4476 73.0
    Papua New Guinea 140 2.3
    South Africa 71 1.2
    United Kingdom 740 12.1
    Other 198 3.2
    Others 508 8.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 1.4
    Christianity 4078 69.4
    Islam 20 0.3
    Other Religious Groups 24 0.4
    No Religion 1649 28.0
    Others 28 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 211 9.1
    $800-$999 181 7.8
    $1,500-$1,999 251 10.9
    $2,500-$2,999 315 13.6
    $3,000-$3,499 178 7.7
    Others 1177 50.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1983 38.8
    Not in the labour force 1761 34.4
    Employed, worked part-time 1050 20.5
    Employed, away from work 198 3.9
    Unemployed, looking for work 123 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 505 15.6
    Professionals 1021 31.6
    Technicians & trades workers 397 12.3
    Community & personal service workers 299 9.3
    Clerical & administrative workers 489 15.1
    Others 521 16.1
    Occupation
    Census Count Percent(%)
    Pre-school 81 5.7
    Infants/Primary 523 36.8
    Secondary 343 24.2
    Technical or Further Educational Institution 106 7.5
    University or other Tertiary Institutions 343 24.2
    Others 24 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4300 74.4
    Semi-detached, row or terrace house, townhouse 931 16.1
    Flat, unit or apartment 549 9.5
    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 1006 39.9
    Being purchased 793 31.4
    Rented 706 28.0
    Other tenure type 17 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals