Suburb Profile Report for Cape Burney WA (6532)

Cape Burney House: Median price $341,500, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent N/A

Source: CoreLogic

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When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cape Burney, 6532. Typically our figures indicate that -7.71% is being offered, which puts this WA suburb at 2460th most discounted overall in Australia.

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Cape Burney is a coastal town just a few kilometres from Geraldton, in a southerly direction from the port.Full summary

Cape Burney is a coastal town just a few kilometres from Geraldton, in a southerly direction from the port.

In mid 2006 Cape Burney saw something of a capital growth spike, with the median rising by $129,899 to reach $449,083 in the 21 months between June 2006 and March 2008, according to Residex figures. This upward trend continues until the end of the year, and Cape Burney caps off its growth spurt with a December 2008 median of $497,508.

From this point onwards however, Cape shows negative growth in five out of six quarters before a September quarter upturn leaves its median at $459,890.

First National Geraldton principal Andrew Short believes that Cape Burney is dominated by owner-occupiers, rather than investors.

“Cape Burney is probably the same distance south of the CBD as Drummond is to the north, but it’s mainly owner-occupier properties there. Pricing is more in the range for the average family, and it’s a good environment out there for average family lifestyle. It’s got a reasonably quick road access to the industrial area, so that’s attractive to people who work in that area,” he says.

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HOUSE UNIT
$341,500 N/A
N/A N/A
N/A N/A
N/A N/A
N/A N/A
10 N/A
N/A N/A
160.75 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 453
Median household income ($/weekly) 820
Median age of persons 47
Median housing loan repayment ($/monthly) 1625
Average household size 2
  • Census Count Percent(%)
    25-34 years 42 9.2
    35-44 years 56 12.3
    45-54 years 85 18.6
    55-64 years 107 23.5
    65-74 years 40 8.8
    Others 126 27.6
    Age Group
    Census Count Percent(%)
    Not Married 153 43.0
    Registered Married 147 41.3
    Defacto Relationship 56 15.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 364 83.5
    Papua New Guinea 10 2.3
    South Africa 4 0.9
    United Kingdom 45 10.3
    Other 10 2.3
    Others 3 0.7
    Country of Birth
    Census Count Percent(%)
    Christianity 288 69.2
    No Religion 124 29.8
    Buddhism 4 1.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 16 9.6
    $400-$599 27 16.3
    $600-$799 19 11.4
    $1,500-$1,999 24 14.5
    $2,000-$2,499 20 12.0
    Others 60 36.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 145 38.0
    Not in the labour force 126 33.0
    Employed, worked part-time 67 17.5
    Employed, away from work 22 5.8
    Unemployed, looking for work 22 5.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 36 15.3
    Technicians & trades workers 41 17.4
    Clerical & administrative workers 27 11.4
    Machinery operators & drivers 32 13.6
    Labourers 27 11.4
    Others 73 30.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 24 37.5
    Secondary 16 25.0
    Pre-school 9 14.1
    Technical or Further Educational Institution 9 14.1
    University or other Tertiary Institutions 6 9.4
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 321 77.3
    Caravan, cabin, houseboat 94 22.7
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 79 39.5
    Being purchased 68 34.0
    Rented 50 25.0
    Other tenure type 3 1.5
    Tenure Type
Census 2011, ABS
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