Suburb Profile Report for Waikiki WA (6169)

Waikiki House: Median price $375,000, Annual capital growth 0.68%, Number of sales 213, Weekly median advertised rent $340

Waikiki Unit: Median price $340,000, Annual capital growth N/A, Number of sales 15, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Waikiki, 6169 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.40%

When looking at the potential capital gains offered to property investors over the last 3 years, Waikiki comes in at number 171th in WA.

Property investors looking for a bargain in Waikiki should be aiming for at least -7.83% off the asking price, which is the average vendor discount being achieved at the moment.

At number 2583 in a list of fastest selling suburbs, Waikiki is in the bottom 40% of suburbs in Australia with an average of days on market 97.58 for properties listed there.

Advertised rents are around the $340 mark per week – giving a return of 4.71% based on the median price in Suburb

In the last year 15 properties changed hands in Waikiki, which puts it as the 93th most active market in WA when comparing the number of sales per suburb.

With the median price for a house in Waikiki being $340000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.44%

Metrics i HOUSE UNIT
$375,000 $340,000
-0.40% N/A
-0.40% N/A
0.68% N/A
$340 $290
213 15
4.71% 4.44%
97.58 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Waikiki WA
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
Chart Table
Recent sales & rentals