Suburb Profile Report for Bibra Lake WA (6163)

Bibra Lake House: Median price $532,500, Annual capital growth 2.93%, Number of sales 81, Weekly median advertised rent $420

Bibra Lake Unit: Median price $355,000, Annual capital growth 4.68%, Number of sales 25, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

WA has seen average median house prices change by -4.99% which means that Bibra Lake, 6163 has not done well for property investors by showing a capital gain of -6.58% over the last year

A 15.76% growth in median value for property investors in Bibra Lake,6163 puts this suburb at number 138th in terms of best performing suburbs in WA

Sellers are offering property buyers an average discount of -7.71% to buyers in Bibra Lake at the moment, which is less than average for the rest of WA.

Situated 15.96km from the CBD, Bibra Lake is one of Cockburn localities in the postcode 6163.

If you compare the increase in value of investment property in Bibra Lake, 6163 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 9.23%.

The five-year average increase in median property values for Bibra Lake,6163 has given property investors a potential capital gain of 5.19% across each of those five years.

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On the surface, Bibra Lake would seem like a fish out of the water. Its $460,000 median house price is almost belittled by its direct neighbours such as Leeming, Murdoch and Jandakot, which are all priced above $600,000. Delve a little closer to Bibra Lake’s shores and the difference becomes even more remarkable. Some 15km from the Perth CBD, Bibra Lake houses are not substantially smaller or worse placed than any neighbouring areas. Full summary

On the surface, Bibra Lake would seem like a fish out of the water. Its $460,000 median house price is almost belittled by its direct neighbours such as Leeming, Murdoch and Jandakot, which are all priced above $600,000.

Delve a little closer to Bibra Lake’s shores and the difference becomes even more remarkable. Some 15km from the Perth CBD, Bibra Lake houses are not substantially smaller or worse placed than any neighbouring areas. There are no landfill sites, noisy thoroughfare traffic or public housing to justify the gapping difference in prices – at least not anymore. Once a light industrial area, the suburb’s industry is being scaled back and in its place a popular residential suburb is emerging. Lately, houses are being sold fairly quickly here – just 71 days on the market. Those properties that are within the hands of owners are tightly held, only 0.12% of properties in the suburb are on the market.

The real kicker for the suburb is that, despite being cheaper than its neighbours, it is actually closer to the majority of recreational facilities within this region of Perth. Bibra Lake is the location for several major private recreation facilities, including Adventure World Theme Park, a bungee jumping tower, an ice arena, paintball and laser tag operations and, not least of all, a lake with a surrounding green area popular with families.

Greg Chapman, a real estate agent within the area, says another thing to consider is that the area will soon be the location of the new Fiona Stanley Hospital – which he says should be enough to get investors excited as hospital staff search for properties close to their workplace.

Kickers: 

  • Low supply
  • Rising demand
  • Popular recreational area
  • Soon to be built hospital
Close
HOUSE UNIT
$532,500 $355,000
0.00% 2.16%
-6.58% 9.23%
2.93% 4.68%
$420 N/A
81 25
4.10% N/A
67.2 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 5954
Median household income ($/weekly) 1525
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 812 13.6
    25-34 years 648 10.9
    35-44 years 855 14.4
    45-54 years 953 16.0
    55-64 years 706 11.9
    Others 1981 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 2375 52.5
    Not Married 1782 39.4
    Defacto Relationship 371 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4044 70.0
    Papua New Guinea 149 2.6
    Singapore 80 1.4
    United Kingdom 638 11.0
    Other 261 4.5
    Others 608 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 89 1.6
    Christianity 3952 70.9
    Islam 32 0.6
    Other Religious Groups 24 0.4
    No Religion 1451 26.0
    Others 24 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 150 7.7
    $400-$599 189 9.8
    $1,500-$1,999 226 11.7
    $2,000-$2,499 209 10.8
    $2,500-$2,999 241 12.4
    Others 921 47.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1999 42.5
    Not in the labour force 1365 29.0
    Employed, worked part-time 982 20.9
    Employed, away from work 238 5.1
    Unemployed, looking for work 118 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 370 11.5
    Professionals 652 20.3
    Technicians & trades workers 553 17.2
    Community & personal service workers 332 10.3
    Clerical & administrative workers 533 16.6
    Others 775 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 91 6.1
    Infants/Primary 540 36.1
    Secondary 383 25.6
    Technical or Further Educational Institution 121 8.1
    University or other Tertiary Institutions 326 21.8
    Others 34 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5465 95.7
    Semi-detached, row or terrace house, townhouse 174 3.0
    Flat, unit or apartment 57 1.0
    House or flat attached to a shop, office 12 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1003 46.8
    Fully owned 817 38.1
    Rented 312 14.6
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
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