Suburb Profile Report for Australind WA (6233)

Australind House: Median price $365,000, Annual capital growth 0.34%, Number of sales 218, Weekly median advertised rent $350

Australind Unit: Median price $282,500, Annual capital growth N/A, Number of sales 13, Weekly median advertised rent $305

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Australind has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.95%

Taking the average capital gain, or increase in median house value, Australind,6233 has racked up an average of -3.95% over the period. This ranks it number 3506th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Australind is giving property investors an average Vendor Discount of around -6.46%. This puts suburb at number 305th in WA when ranking the most discounted suburbs.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 0.34%, investors should hope to achieve an overall return of 4.99%

The five-year average increase in median property values for Australind,6233 has given property investors a potential capital gain of -5.68% across each of those five years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.93% offered to property buyers. Sellers in Australind itself are offering an average vendor discount of -4.84% to real estate investors.

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An hour and a half south of Perth, Australind is a suburb of WA’s second-largest regional town, Bunbury. It sits directly adjacent to the beautiful Leschenault Estuary, and views of the calm waters are a prized feature of Australind real estate.Full summary

An hour and a half south of Perth, Australind is a suburb of WA’s second-largest regional town, Bunbury. It sits directly adjacent to the beautiful Leschenault Estuary, and views of the calm waters are a prized feature of Australind real estate.

After suffering the same price crash as many holiday towns in WA, some parts of Australind have staged a remarkable comeback. “Investors are back in the market,” says Trish Marsh, sales consultant at Allwest First National Real Estate. “But prices are going up only in specific areas of Australind, not across the board.”

The hottest property in town is in the Treendale area. The Junction at Treendale, due for completion in May 2011, will become a major regional shopping and entertainment hub and has already started to put upward pressure on real estate prices.

One area of the market that is not performing well is vacant land – and there is a lot of it. “I’ve got a block with estuary views, 360 degrees, two acres for $549,000,” says Marsh. “It’s the cheapest block out there and I can’t move it.” With building times blowing out and the expenses involved in preparing new land ($80,000 for a septic system alone), buyers would rather spend the money on an established property.

New estates, such as the Kingston subdivision on the east side of Australind, are proving very popular with investors and owner-occupiers alike. On the west side, buyers want estuary views but are staying away from Old Coast Road because of concerns about traffic noise.

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Metrics i HOUSE UNIT
$365,000 $282,500
0.76% -5.44%
-3.95% N/A
0.34% N/A
$350 $305
218 13
4.99% 5.61%
111.99 132.8

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 11954
Median household income ($/weekly) 1638
Median age of persons 33
Median housing loan repayment ($/monthly) 2000
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1993 16.7
    25-34 years 1732 14.5
    35-44 years 1777 14.9
    45-54 years 1625 13.6
    55-64 years 1210 10.1
    Others 3617 30.3
    Age Group
    Census Count Percent(%)
    Registered Married 4387 55.3
    Not Married 2491 31.4
    Defacto Relationship 1062 13.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 8943 79.1
    Papua New Guinea 601 5.3
    South Africa 214 1.9
    United Kingdom 939 8.3
    Other 236 2.1
    Others 372 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 52 0.5
    Christianity 7240 66.8
    Islam 15 0.1
    Other Religious Groups 38 0.4
    No Religion 3480 32.1
    Others 17 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 280 7.9
    $1,250-$1,499 288 8.2
    $1,500-$1,999 559 15.9
    $2,000-$2,499 384 10.9
    $2,500-$2,999 478 13.6
    Others 1536 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3644 43.1
    Not in the labour force 2466 29.1
    Employed, worked part-time 1686 19.9
    Employed, away from work 393 4.6
    Unemployed, looking for work 273 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 743 13.0
    Technicians & trades workers 1190 20.8
    Clerical & administrative workers 761 13.3
    Machinery operators & drivers 648 11.3
    Labourers 728 12.7
    Others 1653 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 243 8.6
    Infants/Primary 1397 49.4
    Secondary 707 25.0
    Technical or Further Educational Institution 254 9.0
    University or other Tertiary Institutions 176 6.2
    Others 53 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10683 96.5
    Semi-detached, row or terrace house, townhouse 232 2.1
    Flat, unit or apartment 99 0.9
    Caravan, cabin, houseboat 59 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1930 48.7
    Rented 1024 25.8
    Fully owned 996 25.1
    Other tenure type 16 0.4
    Tenure Type
Census 2011, ABS
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