Suburb Profile Report for Waikiki WA (6169)

Waikiki House: Median price $379,500, Annual capital growth 1.73%, Number of sales 205, Weekly median advertised rent $350

Waikiki Unit: Median price $349,500, Annual capital growth 10.75%, Number of sales 10, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3474th in the list of Australian suburbs ordered by increase in median house value over the last year, Waikiki, 6169 is in the BOTTOM 20% with a property value increase of -5.24% 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 Waikiki has increased when compared to the 5 year average annual rate.

Waikiki, 6169 is offering WA ‘s 197th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.

Advertised rents are around the $350 mark per week – giving a return of 4.80% based on the median price in Suburb

Waikiki, 6169 ranked 49th in WA when comparing growth in median property values or capital gain over the last 12 months. Waikiki is one of 1662 in our list for WA

A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.76%, without taking into account capital value appreciation, which has been averaging out at 10.75%.

HOUSE UNIT
$379,500 $349,500
2.22% N/A
-5.24% -3.45%
1.73% 10.75%
$350 $320
205 10
4.80% 4.76%
102.24 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 11982
Median household income ($/weekly) 1370
Median age of persons 35
Median housing loan repayment ($/monthly) 1900
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1739 14.5
    25-34 years 1490 12.4
    35-44 years 1762 14.7
    45-54 years 1800 15.0
    55-64 years 1222 10.2
    Others 3969 33.1
    Age Group
    Census Count Percent(%)
    Registered Married 4083 49.4
    Not Married 3195 38.6
    Defacto Relationship 989 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7583 67.7
    Papua New Guinea 664 5.9
    South Africa 155 1.4
    United Kingdom 1947 17.4
    Other 253 2.3
    Others 601 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 139 1.3
    Christianity 6905 64.5
    Islam 58 0.5
    Other Religious Groups 45 0.4
    No Religion 3529 33.0
    Others 31 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 366 10.6
    $1,000-$1,249 329 9.5
    $1,500-$1,999 488 14.1
    $2,000-$2,499 343 9.9
    $2,500-$2,999 337 9.8
    Others 1593 46.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3534 40.2
    Not in the labour force 2813 32.0
    Employed, worked part-time 1624 18.5
    Employed, away from work 423 4.8
    Unemployed, looking for work 393 4.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 626 11.2
    Technicians & trades workers 1197 21.4
    Community & personal service workers 673 12.1
    Clerical & administrative workers 716 12.8
    Labourers 712 12.8
    Others 1657 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 190 7.1
    Infants/Primary 1099 41.2
    Secondary 766 28.7
    Technical or Further Educational Institution 284 10.6
    University or other Tertiary Institutions 273 10.2
    Others 55 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10693 97.5
    Semi-detached, row or terrace house, townhouse 141 1.3
    Flat, unit or apartment 128 1.2
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1867 46.7
    Rented 1129 28.2
    Fully owned 995 24.9
    Other tenure type 6 0.2
    Tenure Type
Census 2011, ABS
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