Suburb Profile Report for Halls Head WA (6210)

Halls Head House: Median price $420,000, Annual capital growth -1.41%, Number of sales 220, Weekly median advertised rent $350

Halls Head Unit: Median price $370,000, Annual capital growth -1.45%, Number of sales 22, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Halls Head is an average performer in WA when comparing median price capital growth over the last year. Halls Head gave property investors a average capital gain figure when compared to the rest of the state, with -4.55%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Halls Head has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Halls Head should be aiming for at least -7.79% off the asking price, which is the average vendor discount being achieved at the moment.

If you compare the increase in value of investment property in Halls Head, 6210 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -5.01%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Halls Head has increased when compared to the 5 year average annual rate.

Halls Head6210 is located in WA which offers an average discount of -8.93% to property investors. Halls Head itself is showing figures that indicate -7.96% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $290 weekly from the median priced house in this suburb.

Jennifer Watt Information supplied by:

Jennifer Watt
LJ Hooker

M 0405177541
O

W http://www.ljhooker.com.au/
E jwatt.mandurah@ljh.com.au
Located on a peninsula between an estuary and the ocean and just south of Mandurah, Halls Head offers the chance to buy quality property at affordable prices. Local mine sites drive industry and family homes are in high demand, due to a lot of fly in fly out workers coming to the area.Full summary

Selling points: Halls Head is a coastal community just South of Mandurah, with the estuary on one side and the beach on the other. It was voted the most desirable suburb outside the metropolitan area a couple of years ago. It has a nice community feel and a mixture of property types, from expensive homes on the canals and ocean front, to duplexes, standard four bedroom homes and a couple of apartment buildings.

Everything works on supply and demand and the last of the land available is soon to be released. When vacant land is no longer available I feel we will see some good capital growth. The area dropped in value drastically through the GFC crisis and is just starting to recover now with the oversupply starting to be soaked up; but prices have not yet really risen.

It has been observed in recent months that activity has been increasing and prices have started to move and land is rapidly running out.

Most sought after properties: Family homes seem popular with a lot of fly in fly out families locating to the area from interstate and overseas and also locals who want to live in a really nice neighbourhood.

Most common properties: Most houses are three or four bedrooms on between 500m and 800m size lots.

Top amenities: The neighbourhood has one high school and three primary schools. It has a shopping centre and a new one being completed currently. It has a soccer stadium, some lovely parks and a boardwalk, which runs along the beach front and attracts people riding push bikes and walking their dogs. It is only five minutes out of Mandurah’s CBD and the foreshore has lots of restaurants and amenities available.

Local industry and business: Local industries are generally mining-based, with sites in Pinjarra, Wagerup and Boddington, not to mention a large proportion of FIFO workers. Small business also plays a big factor.

Recent changes: Mandurah itself has seen massive changes in the last 10 years. It has rated as one of the fastest growing areas in the country. We now have the train to Perth and Mandurah central has under gone some major upgrades. Halls Head has grown with well-designed development by Mirvac, featuring a mix of available lots to suit a variety of demographics, some lovely parks and the new shopping centre, which is located on the beach front and I think will become a community hub.

Best streets: Old Halls Head has subdividable blocks and has always been sought after for its proximity to the centre of town; the newer part has nice new homes in a young area. For an investor it will depend on whether they are aiming to achieve capital growth or a good rental return. My advice is to buy as close to the beach as affordable.

Public transport: The bus system has improved drastically in recent years and now we have the train to Perth it allows locals to easily commute to work in a little over an hour.

Main arteries: The Freeway now runs all the way from Mandurah to Perth, which allows easy access everywhere. It also runs south to Bunbury, facilitating access to the south-west of the state and prevents the congestion that used to happen when all the traffic had to head through Mandurah.

Information supplied by:

Jennifer Watt
0405177541
LJ Hooker
jwatt.mandurah@ljh.com.au

Close
Metrics i HOUSE UNIT
$420,000 $370,000
-2.89% -7.50%
-4.55% -5.01%
-1.41% -1.45%
$350 $290
220 22
4.33% 4.08%
114.26 138.25

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 13043
Median household income ($/weekly) 1453
Median age of persons 39
Median housing loan repayment ($/monthly) 2167
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1929 14.8
    25-34 years 1281 9.8
    35-44 years 1794 13.8
    45-54 years 1902 14.6
    55-64 years 1588 12.2
    Others 4550 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 5000 55.9
    Not Married 2991 33.4
    Defacto Relationship 961 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8865 71.7
    Papua New Guinea 524 4.2
    South Africa 231 1.9
    United Kingdom 1879 15.2
    Other 242 2.0
    Others 615 5.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 89 0.7
    Christianity 8352 70.1
    Islam 41 0.3
    Other Religious Groups 42 0.4
    No Religion 3353 28.1
    Others 36 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 395 10.2
    $600-$799 357 9.2
    $1,500-$1,999 499 12.9
    $2,000-$2,499 356 9.2
    $2,500-$2,999 485 12.5
    Others 1783 46.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3544 36.7
    Employed, worked full-time 3448 35.7
    Employed, worked part-time 1899 19.7
    Employed, away from work 423 4.4
    Unemployed, looking for work 350 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 653 11.3
    Professionals 916 15.9
    Technicians & trades workers 1131 19.6
    Clerical & administrative workers 740 12.8
    Sales 612 10.6
    Others 1713 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 215 7.2
    Infants/Primary 1306 43.7
    Secondary 838 28.0
    Technical or Further Educational Institution 257 8.6
    University or other Tertiary Institutions 318 10.6
    Others 56 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10904 92.3
    Semi-detached, row or terrace house, townhouse 561 4.7
    Flat, unit or apartment 347 2.9
    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 1720 38.5
    Fully owned 1525 34.1
    Rented 1197 26.8
    Other tenure type 29 0.6
    Tenure Type
Census 2011, ABS
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