Suburb Profile Report for Wellard WA (6170)

Wellard House: Median price $417,000, Annual capital growth 0.67%, Number of sales 157, Weekly median advertised rent $360

Wellard Unit: Median price $352,500, Annual capital growth -2.08%, 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

At number 3674th in the list of Australian suburbs ordered by increase in median house value over the last year, Wellard, 6170 is in the BOTTOM 20% with a property value increase of -7.85% recorded in median house prices.

While Wellard,6170 ranked number 208th in WA for increase in median house value (annualised) increase, it is ranked 80th over the last 5 years.

Vendor discounting in Wellard is giving property investors an average Vendor Discount of around -7.10%. This puts suburb at number 254th in WA when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $4320 per annum or $360 every week.

Wellard has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of -2.08% to date .

In the last year 13 properties changed hands in Wellard, which puts it as the 99th most active market in WA when comparing the number of sales per suburb.

Wellard, 6170’s gross rental yield is 4.28%

HOUSE UNIT
$417,000 $352,500
-0.71% -2.08%
-7.85% -2.08%
0.67% -2.08%
$360 $290
157 13
4.49% 4.28%
106.96 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (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