Suburb Profile Report for Shoalwater WA (6169)

Shoalwater House: Median price $450,000, Annual capital growth 1.07%, Number of sales 69, Weekly median advertised rent $340

Shoalwater Unit: Median price $249,000, Annual capital growth 1.17%, Number of sales 32, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Shoalwater has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.17%

Taking the average capital gain, or increase in median house value, Shoalwater,6169 has racked up an average of -2.17% over the period. This ranks it number 3886th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Shoalwater are currently offering property investors an average price cut of -8.47% below the asking price at the moment.

At number 2881 in a list of fastest selling suburbs, Shoalwater is in the bottom 30% of suburbs in Australia with an average of days on market 106.59 for properties listed there.

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

At number 1631th in the list of Australian suburbs ordered by increase in median house value over the last year, Shoalwater, 6169 is in the BOTTOM 10% with a property value increase of -14.14% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Shoalwater has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Shoalwater is offering property investors an average of -8.43. This rate of discount on properties puts Suburb at number 5th in terms of most discounted suburbs in WA

Using the current median advertised rental of $250 and the average annual increase in value of a median property of 1.17%, investors should hope to achieve an overall return of 5.22%

Metrics i HOUSE UNIT
$450,000 $249,000
-1.10% 3.75%
-2.17% -14.14%
1.07% 1.17%
$340 $250
69 32
3.93% 5.22%
106.59 119.76

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 3846
Median household income ($/weekly) 931
Median age of persons 45
Median housing loan repayment ($/monthly) 1950
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 417 10.8
    35-44 years 434 11.3
    45-54 years 527 13.7
    55-64 years 483 12.6
    65-74 years 455 11.8
    Others 1530 39.8
    Age Group
    Census Count Percent(%)
    Registered Married 1243 45.3
    Not Married 1206 44.0
    Defacto Relationship 292 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2352 65.3
    Papua New Guinea 165 4.6
    South Africa 67 1.9
    United Kingdom 707 19.6
    Other 98 2.7
    Others 214 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 43 1.2
    Christianity 2444 70.3
    Islam 22 0.6
    Other Religious Groups 14 0.4
    No Religion 946 27.2
    Others 8 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 142 9.9
    $400-$599 209 14.6
    $600-$799 149 10.4
    $1,500-$1,999 150 10.5
    $2,500-$2,999 129 9.0
    Others 654 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1368 44.5
    Employed, worked full-time 986 32.1
    Employed, worked part-time 457 14.9
    Employed, away from work 150 4.9
    Unemployed, looking for work 110 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 242 15.2
    Technicians & trades workers 331 20.8
    Community & personal service workers 170 10.7
    Clerical & administrative workers 234 14.7
    Sales 159 10.0
    Others 456 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 46 7.1
    Infants/Primary 233 36.2
    Secondary 164 25.5
    Technical or Further Educational Institution 72 11.2
    University or other Tertiary Institutions 106 16.5
    Others 23 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2586 76.4
    Semi-detached, row or terrace house, townhouse 510 15.1
    Flat, unit or apartment 290 8.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 653 41.2
    Fully owned 510 32.2
    Being purchased 415 26.2
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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