Suburb Profile Report for Wandina WA (6530)

Wandina House: Median price $412,500, Annual capital growth 1.85%, Number of sales 48, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report

Investment property in Wandina has done pretty 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 1.85%

Vendor discounting in Wandina is giving property investors an average Vendor Discount of around -9.90%. This puts suburb at number 70th in WA when ranking the most discounted suburbs.

At number 3275 in a list of fastest selling suburbs, Wandina is in the bottom 20% of suburbs in Australia with an average of days on market 122.86 for properties listed there.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 1.85%, investors should hope to achieve an overall return of 4.41%

Metrics i HOUSE UNIT
$412,500 N/A
1.85% N/A
1.85% N/A
1.85% N/A
$350 N/A
48 N/A
4.41% N/A
122.86 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Below average (H)
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Demographics
Total population 3127
Median household income ($/weekly) 1997
Median age of persons 31
Median housing loan repayment ($/monthly) 2169
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 295 9.4
    5-14 years 610 19.5
    25-34 years 385 12.3
    35-44 years 604 19.3
    45-54 years 389 12.4
    Others 845 27.0
    Age Group
    Census Count Percent(%)
    Registered Married 1133 57.1
    Not Married 590 29.7
    Defacto Relationship 262 13.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2462 82.4
    Papua New Guinea 72 2.4
    South Africa 73 2.4
    United Kingdom 214 7.2
    Other 63 2.1
    Others 103 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 12 0.4
    Christianity 2110 72.4
    Islam 72 2.5
    Other Religious Groups 10 0.3
    No Religion 696 23.9
    Others 13 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 72 8.6
    $1,500-$1,999 135 16.1
    $2,000-$2,499 135 16.1
    $2,500-$2,999 142 16.9
    $3,000-$3,499 80 9.5
    Others 275 32.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1052 49.4
    Not in the labour force 475 22.3
    Employed, worked part-time 436 20.5
    Employed, away from work 117 5.5
    Unemployed, looking for work 49 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 191 11.9
    Professionals 337 21.0
    Technicians & trades workers 249 15.5
    Clerical & administrative workers 249 15.5
    Sales 169 10.5
    Others 411 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 70 8.2
    Infants/Primary 423 49.4
    Secondary 249 29.1
    Technical or Further Educational Institution 57 6.7
    University or other Tertiary Institutions 42 4.9
    Others 16 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2865 98.5
    Flat, unit or apartment 40 1.4
    Semi-detached, row or terrace house, townhouse 3 0.1
    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 445 46.7
    Rented 316 33.2
    Fully owned 185 19.4
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals