Suburb Profile Report for West Lamington WA (6430)

West Lamington House: Median price $350,000, Annual capital growth 4.30%, Number of sales 25, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report

WA has seen average median house prices change by -5.20% which means that West Lamington, 6430 has not done well for property investors by showing a capital gain of -2.78% over the last year

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

Property buyers and investors in West Lamington 6430 should be seeing an average reduction in asking price of around -8.30% . This means that West Lamington is holding prices well when compared to other suburbs in WA.

Using the current median advertised rental of $370 and the average annual increase in value of a median property of 4.30%, investors should hope to achieve an overall return of 5.50%

Metrics i HOUSE UNIT
$350,000 N/A
14.75% N/A
-2.78% N/A
4.30% N/A
$370 N/A
25 N/A
5.50% N/A
85.88 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1422
Median household income ($/weekly) 2292
Median age of persons 29
Median housing loan repayment ($/monthly) 2167
Average household size 2.7
  • Census Count Percent(%)
    0-4 years 143 10.1
    5-14 years 215 15.1
    25-34 years 305 21.4
    35-44 years 213 15.0
    45-54 years 175 12.3
    Others 371 26.1
    Age Group
    Census Count Percent(%)
    Registered Married 446 48.4
    Not Married 310 33.7
    Defacto Relationship 165 17.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 982 76.2
    Papua New Guinea 113 8.8
    South Africa 33 2.6
    United Kingdom 52 4.0
    Other 44 3.4
    Others 65 5.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 9 0.7
    Christianity 868 69.8
    Hinduism 5 0.4
    Islam 7 0.6
    No Religion 351 28.2
    Others 4 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 54 13.0
    $2,000-$2,499 34 8.2
    $2,500-$2,999 84 20.2
    $3,000-$3,499 52 12.5
    $4,000 or more 31 7.5
    Others 160 38.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 573 59.1
    Not in the labour force 206 21.2
    Employed, worked part-time 131 13.5
    Employed, away from work 39 4.0
    Unemployed, looking for work 21 2.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 112 15.1
    Technicians & trades workers 184 24.8
    Clerical & administrative workers 97 13.1
    Machinery operators & drivers 102 13.7
    Labourers 66 8.9
    Others 181 24.4
    Occupation
    Census Count Percent(%)
    Pre-school 30 10.7
    Infants/Primary 146 52.0
    Secondary 64 22.8
    Technical or Further Educational Institution 10 3.6
    University or other Tertiary Institutions 28 10.0
    Others 3 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1178 92.2
    Semi-detached, row or terrace house, townhouse 54 4.2
    Flat, unit or apartment 46 3.6
    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 203 43.2
    Rented 192 40.9
    Fully owned 72 15.3
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals