Suburb Profile Report for Kardinya WA (6163)

Kardinya House: Median price $637,000, Annual capital growth 2.51%, Number of sales 104, Weekly median advertised rent $410

Kardinya Unit: Median price $401,500, Annual capital growth 3.09%, Number of sales 14, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Kardinya is in the bottom 40% in WA when comparing median price capital growth over the last year. Kardinya gave property investors a disappointing capital gain figure when compared to the rest of the state, with -6.32%.

The five-year average increase in median property values for Kardinya,6163 has given property investors a potential capital gain of 10.54% across each of those five years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.26% offered to property buyers. Sellers in Kardinya itself are offering an average vendor discount of -6.40% to real estate investors.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 3.35%, without taking into account capital value appreciation, which has been averaging out at 2.51%.

Property value increases in Kardinya have tracked just higher than the WA average of -2.78% over the last 12 months.

Across a shorter period, Kardinya, 6163 has seen a median price increase of 0.38% over the last quarter.

Kardinya, 6163’s gross rental yield is 4.40%

Greg Cahill Information supplied by:

Greg Cahill
Ray White

M 08 63103700
O 0427 988 019

W www.gregcahill.raywhite.com
E greg.cahill@raywhite.com
Kardinya is next door to Fremantle, which is situated in the burgeoning region south of Perth, right on the coast.
Characterised by brick and tile homes from the '70s and '80s, the suburb offers affordable family homes and apartments, in an area boasting some great amenities.
A large local shopping complex, a private hospital, a public hospital under construction, a vast range of schools and a decent restaurant count are among some of these.
The local council has been on a mission over the past decade, expanding and improving the aesthetics of the area. Trees are now lining streets and parks are in top notch shape.
An excellent public transport system and nearby main roads mean residents can access Perth, Fremantle and other locations with minimum hassle.Full summary

Selling points: Kardinya is ideally situated between Fremantle and the Kwinana freeway, making getting around simple and easy. It has a great local shopping centre, is well serviced in regards to public transport, hosts St John of God Hospital (private) and Fiona Stanley Hospital (public) is under construction in neighbouring Murdoch, along with Murdoch University. This makes it very popular with investors.

Most sought after properties: Three-four bedroom family homes costing up to $600,000 sell very well, as do smaller properties such as villas and subdivided properties for up to $500,000. The market is very buoyant between $400,000 and $600,000, and slowing down as you move upwards with only four sales between $800,000 and $1.6m in the last six months.

Most common properties: Three-bedroom 1970s brick and tile and 1980s four-by-two ‘formal lounge and dining’ homes.

Top amenities: Kardinya Primary School is local. The suburb doesn’t have a high school, but Melville High School is nearby; Corpus Christi in Bateman; Murdoch College, Winthrop Baptist College and Somerville Baptist College in Murdoch; plus Murdoch University as mentioned earlier. The local shopping centre is Kardinya Shopping Centre; restaurants include a Chinese restaurant, Malaysian restaurant, Kardinya Tavern, Vegetarian restaurant, a Supa IGA and doctors’ surgery. There is hype surrounding the under construction Fiona Stanley hospital. Kardinya is home to various sporting clubs that use the Morris Buzacott sporting grounds which include AFL, tennis, lawn bowls, hockey and cricket.

Local industry and business:  With easy access to the CBD, Fremantle and industrial hubs of Bibra Lake and O’Conner, there is no stand out employers; in fact the area enjoys very low unemployment.

Recent changes: Kardinya Shopping Centre underwent major renovations and expansion about 10 years ago, and the local council (Melville City) has been continuously beautifying the area, planting street trees and sustaining parks. Housing density is slowly increasing and with it comes new, modern homes that inject life into the area.

Best streets: The older areas of Kardinya, particularly behind the shopping centre are very popular at the moment. Most blocks are duplex size, can be subdivided and are also well serviced by public transport and close to the shopping centre, and Morris Buzacott sporting facilities.

Public transport: There are a number of bus routes including the 940 straight to the city, via Garden City Shopping Centre. The 503 will get you to either Bull Creek or Murdoch Train Station within five minutes, the 99 to Murdoch Train Station in three minutes, the 511 to Murdoch Train Station in five minutes, and the 98 to Fremantle in 10 minutes.

Main arteries: South St is the major east/west artery that will get you to Fremantle in around 10 minutes and to the Kwinana freeway in the opposite direction in three minutes. Once you’re on the freeway heading south you’ll be in Mandurah in about 45 minutes, Bunbury in 1h 45 min, and Margaret River wine country in 2.5 hrs. Go north on the freeway and you’ll be in the city in anything between 10 minutes and half an hour depending on traffic.

Close
Metrics i HOUSE UNIT
$637,000 $401,500
-2.23% 0.38%
-6.32% -1.47%
2.51% 3.09%
$410 $340
104 14
3.35% 4.40%
72.02 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Kardinya WA
Demographics
Total population 8793
Median household income ($/weekly) 1474
Median age of persons 39
Median housing loan repayment ($/monthly) 1960
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 952 10.8
    25-34 years 1047 11.9
    35-44 years 1057 12.0
    45-54 years 1443 16.4
    55-64 years 1167 13.3
    Others 3128 35.6
    Age Group
    Census Count Percent(%)
    Registered Married 3630 52.0
    Not Married 2872 41.1
    Defacto Relationship 479 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5368 63.1
    Japan 212 2.5
    Malta 255 3.0
    United Kingdom 656 7.7
    Other 499 5.9
    Others 1515 17.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 262 3.2
    Christianity 5743 69.8
    Hinduism 137 1.7
    Islam 121 1.5
    No Religion 1898 23.1
    Others 62 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 252 8.9
    $600-$799 229 8.1
    $1,500-$1,999 325 11.4
    $2,000-$2,499 294 10.4
    $2,500-$2,999 326 11.5
    Others 1414 49.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2810 38.9
    Not in the labour force 2285 31.7
    Employed, worked part-time 1605 22.2
    Employed, away from work 291 4.0
    Unemployed, looking for work 228 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 590 12.5
    Professionals 1050 22.3
    Technicians & trades workers 650 13.8
    Clerical & administrative workers 763 16.2
    Sales 535 11.4
    Others 1121 23.8
    Occupation
    Census Count Percent(%)
    Pre-school 125 5.4
    Infants/Primary 585 25.2
    Secondary 592 25.5
    Technical or Further Educational Institution 193 8.3
    University or other Tertiary Institutions 758 32.7
    Others 65 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7578 89.6
    Semi-detached, row or terrace house, townhouse 712 8.4
    Flat, unit or apartment 170 2.0
    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 1410 44.6
    Being purchased 1117 35.3
    Rented 620 19.6
    Other tenure type 13 0.4
    Tenure Type
Census 2011, ABS
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