Suburb Profile Report for Two Rocks WA (6037)

Two Rocks House: Median price $387,500, Annual capital growth -0.72%, Number of sales 56, Weekly median advertised rent $293

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

Source: CoreLogic

  • House Report
  • Expert Report

Two Rocks is in the TOP 20% in WA when comparing median price capital growth over the last year. Two Rocks gave property investors a very good capital gain figure when compared to the rest of the state, with 6.16%.

Across a shorter period, Two Rocks, 6037 has seen a median price increase of 3.33% over the last quarter.

Two Rocks, 6037 is offering WA ‘s 104th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this WA.

In the last year 56 properties changed hands in Two Rocks, which puts it as the 215th most active market in WA when comparing the number of sales per suburb.

A $292.5 per week rent on the median house gives suburb investors a gross yield of circa 3.93%, without taking into account capital value appreciation, which has been averaging out at -0.72%.

Information supplied by:


February 2018

M
O

W
E
Named for the two rocks that are located offshore from Wreck Point, the suburb of Two Rocks is one of the few suburbs to see some positivity in the midst of Western Australia’s difficult market. It is situated on the outskirts of Perth, which is accessible by taking the 490 bus from Butler Railway StationFull summary

House stock takes a fall

Postcode: 6037

Median house price: $385,000

Stock on market: -43.6%

12-month growth: 6.9%

Named for the two rocks that are located offshore from Wreck Point, the suburb of Two Rocks is one of the few suburbs to see some positivity in the midst of Western Australia’s difficult market. It is situated on the outskirts of Perth, which is accessible by taking the 490 bus from Butler Railway Station.

While much of the state is facing a state of oversupply and high vacancy rates, Two Rocks saw housing supply plummet from 148 in November 2016 to only 84 in the following year, representing a fall of 43.6%. This has caused the average vacancy rate to nosedive from 4.6% to just 2.8%.

Houses in Two Rocks are very affordable at a median price of $385,000, despite an increase of 6.9% in values.  

 

Close
Metrics i HOUSE UNIT
$387,500 N/A
3.33% N/A
6.16% N/A
-0.72% N/A
$293 N/A
56 N/A
3.93% N/A
122.91 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
Find a mortgage broker in Two Rocks WA
Demographics
Total population 2241
Median household income ($/weekly) 966
Median age of persons 40
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 321 14.3
    35-44 years 316 14.1
    45-54 years 290 12.9
    55-64 years 307 13.7
    65-74 years 236 10.5
    Others 771 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 726 47.1
    Not Married 587 38.1
    Defacto Relationship 227 14.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1485 71.4
    Papua New Guinea 94 4.5
    South Africa 21 1.0
    United Kingdom 325 15.6
    Other 49 2.4
    Others 105 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 16 0.8
    Christianity 1189 60.7
    Judaism 3 0.2
    Other Religious Groups 21 1.1
    No Religion 727 37.1
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 79 11.0
    $400-$599 98 13.7
    $600-$799 85 11.9
    $1,250-$1,499 67 9.3
    $1,500-$1,999 87 12.1
    Others 301 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 710 43.2
    Employed, worked full-time 518 31.5
    Employed, worked part-time 258 15.7
    Employed, away from work 93 5.7
    Unemployed, looking for work 64 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 100 11.5
    Technicians & trades workers 185 21.2
    Clerical & administrative workers 118 13.5
    Machinery operators & drivers 126 14.4
    Labourers 112 12.8
    Others 232 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 45 10.0
    Infants/Primary 198 43.8
    Secondary 138 30.5
    Technical or Further Educational Institution 36 8.0
    University or other Tertiary Institutions 27 6.0
    Others 8 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1998 99.2
    Flat, unit or apartment 8 0.4
    Caravan, cabin, houseboat 6 0.3
    Semi-detached, row or terrace house, townhouse 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 320 38.9
    Fully owned 256 31.1
    Rented 240 29.2
    Other tenure type 7 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals