Suburb Profile Report for South Lake WA (6164)

South Lake House: Median price $460,000, Annual capital growth 3.82%, Number of sales 94, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report

At number 2825th in the list of Australian suburbs ordered by increase in median house value over the last year, South Lake, 6164 is in the BOTTOM 40% with a property value increase of 0.00% recorded in median house prices.

Over the longer term, South Lake has seen property prices show investors a 6.60% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -5.26% to buyers in South Lake at the moment, which is less than average for the rest of WA.

Often selling an investment property can take time, and in South Lake the average time real estate has been on the market is 60.27 days.

South Lake, 6164’s gross rental yield is 4.30%

HOUSE UNIT
$460,000 N/A
1.10% N/A
0.00% N/A
3.82% N/A
$380 N/A
94 N/A
4.30% N/A
60.27 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Above average (H)
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Demographics
Total population 5971
Median household income ($/weekly) 1412
Median age of persons 33
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 754 12.6
    25-34 years 995 16.7
    35-44 years 981 16.4
    45-54 years 869 14.5
    55-64 years 582 9.7
    Others 1792 30.0
    Age Group
    Census Count Percent(%)
    Registered Married 1975 44.6
    Not Married 1954 44.1
    Defacto Relationship 504 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3814 66.2
    Papua New Guinea 214 3.7
    Philippines 168 2.9
    United Kingdom 403 7.0
    Other 351 6.1
    Others 809 14.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 168 3.0
    Christianity 3589 65.1
    Hinduism 37 0.7
    Islam 88 1.6
    No Religion 1593 28.9
    Others 35 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 179 9.6
    $1,250-$1,499 173 9.3
    $1,500-$1,999 279 15.0
    $2,000-$2,499 251 13.5
    $2,500-$2,999 180 9.7
    Others 803 43.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2046 44.9
    Not in the labour force 1272 27.9
    Employed, worked part-time 866 19.0
    Employed, away from work 217 4.8
    Unemployed, looking for work 158 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 429 13.7
    Technicians & trades workers 644 20.6
    Clerical & administrative workers 431 13.8
    Machinery operators & drivers 325 10.4
    Labourers 384 12.3
    Others 917 29.3
    Occupation
    Census Count Percent(%)
    Pre-school 86 6.3
    Infants/Primary 535 39.3
    Secondary 326 24.0
    Technical or Further Educational Institution 156 11.5
    University or other Tertiary Institutions 224 16.5
    Others 34 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5460 95.5
    Semi-detached, row or terrace house, townhouse 252 4.4
    Flat, unit or apartment 4 0.1
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1145 54.4
    Rented 535 25.4
    Fully owned 419 19.9
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals