Suburb Profile Report for Bicton WA (6157)

Bicton House: Median price $845,000, Annual capital growth 2.42%, Number of sales 62, Weekly median advertised rent $455

Bicton Unit: Median price $462,500, Annual capital growth 1.96%, Number of sales 40, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Bicton has done 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 -11.05%

Over the longer term, Bicton has seen property prices show investors a -5.59% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Bicton are currently offering property investors an average price cut of -8.25% below the asking price at the moment.

On average over the past year, suburb has had 5.17 sales per month, which equates to 62 per year.

With the median price for a house in Bicton being $845000 and the advertised rent reaching $455 the gross rental yield for property investors calculates out to be 2.80%

Bicton, 6157 ranked 42th in WA when comparing growth in median property values or capital gain over the last 12 months. Bicton is one of 1662 in our list for WA

A 5.11% growth in median value for property investors in Bicton,6157 puts this suburb at number 38th in terms of best performing suburbs in WA

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bicton, 6157. Typically our figures indicate that -6.79% is being offered, which puts this WA suburb at 328th most discounted overall in Australia.

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

Metrics i HOUSE UNIT
$845,000 $462,500
-3.87% 0.00%
-11.05% -2.63%
2.42% 1.96%
$455 $350
62 40
2.80% 3.94%
70.22 64.12

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