Suburb Profile Report for Orelia WA (6167)

Orelia House: Median price $316,500, Annual capital growth 0.54%, Number of sales 66, Weekly median advertised rent $300

Orelia Unit: Median price $160,000, Annual capital growth -3.40%, Number of sales 13, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Orelia has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 4.80% to date .

Over the longer term, Orelia has seen property prices show investors a -1.86% return over the last 3 years. This is an improvement over the last 12 months

At number 197th of WA’s most discounted properties, Orelia is in the middle of the state/territory when listing in order of most discounted to least.

In the last year 66 properties changed hands in Orelia, which puts it as the 178th most active market in WA when comparing the number of sales per suburb.

Property value increases in Orelia have tracked lower than the WA average of -4.11% over the last 12 months.

Taking the average capital gain, or increase in median house value, Orelia,6167 has racked up an average of -20.00% over the period. This ranks it number 1649th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Orelia is $160000, with sellers offering an average of -15.29% off the asking price.

A $220 per week rent on the median house gives suburb investors a gross yield of circa 7.15%, without taking into account capital value appreciation, which has been averaging out at -3.40%.

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Orelia has a good mix of older and newer properties that is beginning to attract first homebuyers and investors looking for some of the region’s best rental yieldsFull summary

The last time Orelia racked up double digit growth was in 2007 when it notched up a staggering 20% annual growth. Since then, it’s been mostly downhill for the suburb with the exception of 2010 when it recorded a modest 4% increase in median value according to Residex. However, there are now indications that the worst is over for the suburb. 

Local agent Sam Winmar says Orelia has a good mix of older and newer properties that is beginning to attract first-time homebuyers and investors looking for some of the region’s best rental yields. This lower priced suburb became a much more viable to option to young professionals following the opening of the nearby Kwinana rail station, which will get commuters to the CBD in 30 minutes. The Kwinana government is investing heavily in local infrastructure, and work has already begun to improve the nearby major shopping centre. 

Best Street(s): Nottingham Parkway has several stately homes and faces the wildflower reserve, yet is just a short walk to the new Kwinana rail station.

Close
Metrics i HOUSE UNIT
$316,500 $160,000
7.29% N/A
4.80% -20.00%
0.54% -3.40%
$300 $220
66 13
4.93% 7.15%
110.24 180.1

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
Find a mortgage broker in Orelia WA
Demographics
Total population 4679
Median household income ($/weekly) 1103
Median age of persons 32
Median housing loan repayment ($/monthly) 1599
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 611 13.1
    25-34 years 795 17.0
    35-44 years 705 15.1
    45-54 years 523 11.2
    55-64 years 456 9.7
    Others 1590 34.0
    Age Group
    Census Count Percent(%)
    Not Married 1453 45.0
    Registered Married 1329 41.2
    Defacto Relationship 445 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2988 69.8
    Papua New Guinea 209 4.9
    Philippines 68 1.6
    United Kingdom 565 13.2
    Other 160 3.7
    Others 292 6.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 34 0.8
    Christianity 2526 62.4
    Islam 40 1.0
    Other Religious Groups 43 1.1
    No Religion 1386 34.2
    Others 19 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 156 10.4
    $600-$799 153 10.2
    $800-$999 145 9.7
    $1,000-$1,249 177 11.8
    $1,500-$1,999 235 15.7
    Others 635 42.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1322 39.7
    Not in the labour force 1181 35.5
    Employed, worked part-time 513 15.4
    Unemployed, looking for work 160 4.8
    Employed, away from work 151 4.5
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 403 20.3
    Community & personal service workers 214 10.8
    Clerical & administrative workers 307 15.4
    Machinery operators & drivers 267 13.4
    Labourers 285 14.3
    Others 512 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 76 8.4
    Infants/Primary 368 40.8
    Secondary 233 25.8
    Technical or Further Educational Institution 122 13.5
    University or other Tertiary Institutions 87 9.6
    Others 17 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3736 86.8
    Flat, unit or apartment 439 10.2
    Semi-detached, row or terrace house, townhouse 128 3.0
    Improvised home, tent, sleepers out 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 803 48.3
    Rented 520 31.3
    Fully owned 334 20.1
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals