Suburb Profile Report for Bicton WA (6157)

Bicton House: Median price $880,000, Annual capital growth 2.68%, Number of sales 60, Weekly median advertised rent $450

Bicton Unit: Median price $462,500, Annual capital growth 2.00%, Number of sales 43, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3817th in the list of Australian suburbs ordered by increase in median house value over the last year, Bicton, 6157 is in the BOTTOM 10% with a property value increase of -9.28% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bicton has fallen somewhat when compared to the 5 year average annual rate.

Bicton, 6157 is offering WA ‘s 118th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this WA.

Residents and property investors in Bicton have been waiting around 72.5 days to sell a property.

Renters in Suburb are facing rents around $5400 per annum or $450 every week.

Investment property in Bicton has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.60%

The five-year average increase in median property values for Bicton,6157 has given property investors a potential capital gain of 3.93% across each of those five years.

Property investors looking for a bargain in Bicton should be aiming for at least -6.86% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 43 properties changed hands in Bicton, which puts it as the 37th most active market in WA when comparing the number of sales per suburb.

Bicton is 92th on a list of best yielding suburbs for rents in WA with a 3.94% return

Metrics i HOUSE UNIT
$880,000 $462,500
0.00% 2.78%
-9.28% -1.60%
2.68% 2.00%
$450 $350
60 43
2.66% 3.94%
72.5 81.78

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