Suburb Profile Report for College Grove WA (6230)

College Grove House: Median price $335,000, Annual capital growth 0.05%, Number of sales 15, Weekly median advertised rent $340

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

Property value increases in College Grove have tracked lower than the WA average of -1.62% over the last 12 months.

Taking the average capital gain, or increase in median house value, College Grove,6230 has racked up an average of -11.02% over the period. This ranks it number 3699th in the whole country for real estate investors looking at median house price increases.

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 College Grove, 6230. Typically our figures indicate that -6.09% is being offered, which puts this WA suburb at 1751th most discounted overall in Australia.

Often selling an investment property can take time, and in College Grove the average time real estate has been on the market is 95.53 days.

Advertised rents are around the $340 mark per week – giving a return of 5.28% based on the median price in Suburb

Information supplied by:


July 2017

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This suburb may be on the fringe of Bunbury, but it definitely benefits from the spill-over of the city’s many amenities and colleges.Full summary

Students keep demand for houses strong
Median house price: $378,000
Three-year growth: 5.00%
Rental yield: 4.81%

The suburb of College Grove may be on the fringe of Bunbury, but it definitely benefits from the spill-over of the city’s many amenities.

College Grove houses Bunbury Regional Hospital and the St John of God Bunbury Hospital. True to its name, it is populated by several university campuses, such as a campus of the Edith Cowan University and the South West Institute of Technology. Hence, it is unsurprisingly seeing significant levels of demand from students.

Houses are student-friendly, with the median price at under $380,000. Growth has been very gentle given Western Australia’s overall downslide, but over the past five years, the suburb has yet to see prices fall. Moreover, the rental market appears to be thriving, with investors earning high yields of almost 5%.

Close
Metrics i HOUSE UNIT
$335,000 N/A
-4.29% N/A
-11.02% N/A
0.05% N/A
$340 N/A
15 N/A
5.28% N/A
95.53 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1484
Median household income ($/weekly) 1649
Median age of persons 34
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 146 9.8
    25-34 years 272 18.3
    35-44 years 267 18.0
    45-54 years 229 15.4
    55-64 years 142 9.6
    Others 429 28.9
    Age Group
    Census Count Percent(%)
    Registered Married 419 52.8
    Not Married 262 33.0
    Defacto Relationship 113 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 865 60.9
    Papua New Guinea 42 3.0
    South Africa 21 1.5
    United Kingdom 121 8.5
    Other 309 21.7
    Others 63 4.4
    Country of Birth
    Census Count Percent(%)
    Christianity 733 70.2
    No Religion 297 28.4
    Islam 10 1.0
    Hinduism 4 0.4
    Buddhism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 29 8.6
    $1,250-$1,499 34 10.1
    $1,500-$1,999 56 16.7
    $2,000-$2,499 42 12.5
    $2,500-$2,999 46 13.7
    Others 129 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 557 45.5
    Employed, worked full-time 383 31.3
    Employed, worked part-time 216 17.6
    Employed, away from work 42 3.4
    Unemployed, looking for work 27 2.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 91 14.2
    Technicians & trades workers 123 19.2
    Clerical & administrative workers 88 13.7
    Sales 72 11.2
    Labourers 72 11.2
    Others 196 30.5
    Occupation
    Census Count Percent(%)
    Pre-school 15 5.7
    Infants/Primary 84 31.7
    Secondary 71 26.8
    Technical or Further Educational Institution 34 12.8
    University or other Tertiary Institutions 51 19.2
    Others 10 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 993 99.2
    Semi-detached, row or terrace house, townhouse 8 0.8
    Flat, unit or apartment 0 0.0
    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 192 51.8
    Rented 94 25.3
    Fully owned 85 22.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals