Suburb Profile Report for Bicton WA (6157)

Bicton House: Median price $915,000, Annual capital growth 3.78%, Number of sales 70, Weekly median advertised rent $500

Bicton Unit: Median price $449,000, Annual capital growth 2.99%, Number of sales 40, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3720th in the list of Australian suburbs ordered by increase in median house value over the last year, Bicton, 6157 is in the BOTTOM 20% with a property value increase of -8.50% recorded in median house prices.

Across a shorter period, Bicton, 6157 has seen a median price increase of -1.35% over the last quarter.

At number 82th of WA’s most discounted properties, Bicton is in the bottom 20% of the state/territory when listing in order of most discounted to least.

At number 2807 in a list of fastest selling suburbs, Bicton is in the bottom 30% of suburbs in Australia with an average of days on market 105.38 for properties listed there.

With the median price for a house in Bicton being $915000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 2.84%

Over the last year, property investments in Bicton, 6157 have given investors a capital gain of -9.02%. This compares badly with the -4.80% for WA as a whole.

If we look at median property appreciation over just the last three months, Bicton has given property investors a paper return of -7.90%. This puts Suburb as 98 on a list of fastest fasting appreciating suburbs in WA

Our latest figures would indicate that property sellers in Bicton are currently offering property investors an average price cut of -8.11% below the asking price at the moment.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.17%, without taking into account capital value appreciation, which has been averaging out at 2.99%.

HOUSE UNIT
$915,000 $449,000
-1.35% -7.90%
-8.50% -9.02%
3.78% 2.99%
$500 $360
70 40
2.84% 4.17%
105.38 94.63

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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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