Suburb Profile Report for Bayonet Head WA (6330)

Bayonet Head House: Median price $400,000, Annual capital growth 2.03%, Number of sales 46, Weekly median advertised rent $380

  • 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 Bayonet Head, 6330 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was 2.83%.

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

Property investors looking for a bargain in Bayonet Head should be aiming for at least -4.79% off the asking price, which is the average vendor discount being achieved at the moment.

At number 3056 in a list of fastest selling suburbs, Bayonet Head is in the bottom 20% of suburbs in Australia with an average of days on market 115.62 for properties listed there.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.94%, without taking into account capital value appreciation, which has been averaging out at 2.03%.

HOUSE UNIT
$400,000 N/A
0.13% N/A
2.83% N/A
2.03% N/A
$380 N/A
46 N/A
4.94% N/A
115.62 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 2491
Median household income ($/weekly) 1091
Median age of persons 37
Median housing loan repayment ($/monthly) 1528
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 420 16.9
    25-34 years 259 10.4
    35-44 years 367 14.7
    45-54 years 321 12.9
    55-64 years 284 11.4
    Others 839 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 938 56.5
    Not Married 546 32.9
    Defacto Relationship 175 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1955 81.7
    Papua New Guinea 49 2.0
    South Africa 41 1.7
    United Kingdom 225 9.4
    Other 38 1.6
    Others 86 3.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1462 65.1
    No Religion 756 33.7
    Buddhism 22 1.0
    Islam 3 0.1
    Other Religious Groups 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 106 13.7
    $600-$799 76 9.9
    $800-$999 95 12.3
    $1,000-$1,249 84 10.9
    $1,500-$1,999 128 16.6
    Others 282 36.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 689 37.9
    Employed, worked full-time 630 34.6
    Employed, worked part-time 365 20.1
    Employed, away from work 92 5.1
    Unemployed, looking for work 44 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 144 13.3
    Professionals 178 16.4
    Technicians & trades workers 161 14.9
    Community & personal service workers 143 13.2
    Clerical & administrative workers 133 12.3
    Others 325 30.0
    Occupation
    Census Count Percent(%)
    Pre-school 53 8.5
    Infants/Primary 296 47.6
    Secondary 170 27.3
    Technical or Further Educational Institution 55 8.8
    University or other Tertiary Institutions 38 6.1
    Others 10 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2233 98.4
    Flat, unit or apartment 20 0.9
    Semi-detached, row or terrace house, townhouse 14 0.6
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 300 35.6
    Fully owned 285 33.8
    Rented 257 30.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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