Suburb Profile Report for West Lamington WA (6430)

West Lamington House: Median price $305,000, Annual capital growth 2.24%, Number of sales 27, 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 -4.17% which means that West Lamington, 6430 has not done well for property investors by showing a capital gain of -10.95% over the last year

Across a shorter period, West Lamington, 6430 has seen a median price increase of -8.96% over the last quarter.

Sellers are offering property buyers an average discount of -9.04% to buyers in West Lamington at the moment, which is less than average for the rest of WA.

A $370 per week rent on the median house gives suburb investors a gross yield of circa 6.31%, without taking into account capital value appreciation, which has been averaging out at 2.24%.

Metrics i HOUSE UNIT
$305,000 N/A
-8.96% N/A
-10.95% N/A
2.24% N/A
$370 N/A
27 N/A
6.31% N/A
86.07 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
Chart Table
Recent sales & rentals