Suburb Profile Report for Wellard WA (6170)

Wellard House: Median price $410,000, Annual capital growth 9.45%, Number of sales 119, Weekly median advertised rent $360

Wellard Unit: Median price $337,500, Annual capital growth 1.42%, Number of sales 13, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

WA has seen average median house prices change by -3.96% which means that Wellard, 6170 has not done well for property investors by showing a capital gain of -4.65% over the last year

Across a shorter period, Wellard, 6170 has seen a median price increase of -0.12% over the last quarter.

At number 219th of WA’s most discounted properties, Wellard is in the middle of the state/territory when listing in order of most discounted to least.

Residents and property investors in Wellard have been waiting around 118.88 days to sell a property.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.57%, without taking into account capital value appreciation, which has been averaging out at 9.45%.

WA has seen average median house prices change by -4.19% which means that Wellard, 6170 has not done well for property investors by showing a capital gain of -6.25% over the last year

Taking the average capital gain, or increase in median house value, Wellard,6170 has racked up an average of -6.25% over the period. This ranks it number 1242th in the whole country for real estate investors looking at median house price increases.

With the median price for a house in Wellard being $337500 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.47%

Metrics i HOUSE UNIT
$410,000 $337,500
-0.12% 3.85%
-4.65% -6.25%
9.45% 1.42%
$360 $290
119 13
4.57% 4.47%
118.88 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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Demographics
Total population 3245
Median household income ($/weekly) 1862
Median age of persons 31
Median housing loan repayment ($/monthly) 2167
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 456 14.0
    20-24 years 268 8.3
    25-34 years 532 16.4
    35-44 years 546 16.8
    45-54 years 448 13.8
    Others 996 30.7
    Age Group
    Census Count Percent(%)
    Registered Married 1195 52.1
    Not Married 771 33.6
    Defacto Relationship 326 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2009 65.0
    Papua New Guinea 142 4.6
    South Africa 65 2.1
    United Kingdom 471 15.2
    Other 116 3.8
    Others 286 9.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 50 1.7
    Christianity 1901 64.2
    Hinduism 44 1.5
    Islam 24 0.8
    No Religion 920 31.1
    Others 22 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 77 8.4
    $1,500-$1,999 139 15.2
    $2,000-$2,499 152 16.6
    $2,500-$2,999 112 12.3
    $3,000-$3,499 78 8.5
    Others 356 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1183 49.0
    Not in the labour force 564 23.3
    Employed, worked part-time 470 19.5
    Employed, away from work 112 4.6
    Unemployed, looking for work 87 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 164 9.3
    Professionals 263 14.9
    Technicians & trades workers 383 21.7
    Community & personal service workers 177 10.0
    Clerical & administrative workers 302 17.1
    Others 479 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 60 7.8
    Infants/Primary 265 34.5
    Secondary 219 28.5
    Technical or Further Educational Institution 100 13.0
    University or other Tertiary Institutions 109 14.2
    Others 16 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2948 98.2
    Semi-detached, row or terrace house, townhouse 27 0.9
    Flat, unit or apartment 26 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 635 60.4
    Rented 218 20.7
    Fully owned 195 18.5
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals