Suburb Profile Report for Wellard WA (6170)

Wellard House: Median price $419,500, Annual capital growth 1.91%, Number of sales 149, Weekly median advertised rent $360

Wellard Unit: Median price $350,000, Annual capital growth -2.78%, Number of sales 14, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Wellard is an average performer in WA when comparing median price capital growth over the last year. Wellard gave property investors a average capital gain figure when compared to the rest of the state, with -5.25%.

Taking the average capital gain, or increase in median house value, Wellard,6170 has racked up an average of -5.25% over the period. This ranks it number 3324th in the whole country for real estate investors looking at median house price increases.

At number 240th of WA’s most discounted properties, Wellard is in the middle of the state/territory when listing in order of most discounted to least.

In the last year 149 properties changed hands in Wellard, which puts it as the 47th most active market in WA when comparing the number of sales per suburb.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

Property investors who have had real estate in Wellard, 6170 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 -2.78%

While Wellard,6170 ranked number 69th in WA for increase in median house value (annualised) increase, it is ranked 91th over the last 5 years.

Wellard, 6170’s gross rental yield is 4.31%

Metrics i HOUSE UNIT
$419,500 $350,000
-2.21% -2.10%
-5.25% -2.78%
1.91% -2.78%
$360 $290
149 14
4.46% 4.31%
113.67 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
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Recent sales & rentals