Suburb Profile Report for Bibra Lake WA (6163)

Bibra Lake House: Median price $526,000, Annual capital growth 2.00%, Number of sales 81, Weekly median advertised rent $410

Bibra Lake Unit: Median price $325,000, Annual capital growth 1.88%, Number of sales 19, 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

Property value increases in Bibra Lake have tracked close to the WA average of -3.83% over the last 12 months.

Over the longer term, Bibra Lake has seen property prices show investors a -11.22% return over the last 3 years. This is an improvement over the last 12 months

Property investors looking for a bargain in Bibra Lake should be aiming for at least -7.12% off the asking price, which is the average vendor discount being achieved at the moment.

Bibra Lake is an average performer in WA when comparing median price capital growth over the last year. Bibra Lake gave property investors a average capital gain figure when compared to the rest of the state, with -3.70%.

Bibra Lake,6163 has offered an average of -3.70% return per annum in house price rises to property investors over the last three years.

On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.

Information supplied by:




M
O

W
E
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
Metrics i HOUSE UNIT
$526,000 $325,000
1.64% -7.47%
-3.66% -3.70%
2.00% 1.88%
$410 N/A
81 19
4.05% N/A
64.46 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
Find a mortgage broker in Bibra Lake WA
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
Chart Table
Recent sales & rentals