Suburb Profile Report for Wagin WA (6315)

Wagin House: Median price $190,000, Annual capital growth 5.70%, Number of sales 30, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Wagin, 6315 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 11.76%.

Wagin,6315 has offered an average of 11.76% return per annum in house price rises to property investors over the last three years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.23% offered to property buyers. Sellers in Wagin itself are offering an average vendor discount of -11.60% to real estate investors.

At number 3513 in a list of fastest selling suburbs, Wagin is in the bottom 10% of suburbs in Australia with an average of days on market 137.57 for properties listed there.

A $270 per week rent on the median house gives suburb investors a gross yield of circa 7.39%, without taking into account capital value appreciation, which has been averaging out at 5.70%.

Metrics i HOUSE UNIT
$190,000 N/A
5.56% N/A
11.76% N/A
5.70% N/A
$270 N/A
30 N/A
7.39% N/A
137.57 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 1586
Median household income ($/weekly) 789
Median age of persons 47
Median housing loan repayment ($/monthly) 927
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 202 12.7
    25-34 years 153 9.6
    45-54 years 219 13.8
    55-64 years 275 17.3
    65-74 years 195 12.3
    Others 542 34.2
    Age Group
    Census Count Percent(%)
    Registered Married 589 52.8
    Not Married 412 37.0
    Defacto Relationship 114 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1250 83.2
    Greece 7 0.5
    Papua New Guinea 64 4.3
    United Kingdom 116 7.7
    Other 22 1.5
    Others 44 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 999 69.7
    No Religion 408 28.5
    Other Religious Groups 13 0.9
    Buddhism 10 0.7
    Hinduism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 70 12.5
    $400-$599 79 14.1
    $600-$799 69 12.3
    $1,250-$1,499 51 9.1
    $1,500-$1,999 74 13.2
    Others 219 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 526 43.0
    Employed, worked full-time 392 32.1
    Employed, worked part-time 225 18.4
    Employed, away from work 41 3.4
    Unemployed, looking for work 38 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 146 22.2
    Technicians & trades workers 103 15.6
    Community & personal service workers 67 10.2
    Clerical & administrative workers 76 11.5
    Labourers 87 13.2
    Others 180 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 33 12.2
    Infants/Primary 121 44.6
    Secondary 82 30.3
    Technical or Further Educational Institution 20 7.4
    University or other Tertiary Institutions 9 3.3
    Others 6 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1382 96.0
    Semi-detached, row or terrace house, townhouse 49 3.4
    House or flat attached to a shop, office 6 0.4
    Flat, unit or apartment 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 256 41.0
    Being purchased 209 33.5
    Rented 156 25.0
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals