Suburb Profile Report for Eaton WA (6232)

Eaton House: Median price $320,000, Annual capital growth -0.71%, Number of sales 99, Weekly median advertised rent $330

Eaton Unit: Median price $280,000, Annual capital growth -0.97%, Number of sales 10, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Eaton, 6232 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -2.74%.

When looking at the potential capital gains offered to property investors over the last 3 years, Eaton comes in at number 195th in WA.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.07% offered to property buyers. Sellers in Eaton itself are offering an average vendor discount of -7.52% to real estate investors.

In the last year 99 properties changed hands in Eaton, which puts it as the 105th most active market in WA when comparing the number of sales per suburb.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of -0.71%, investors should hope to achieve an overall return of 5.36%

If you compare the increase in value of investment property in Eaton, 6232 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -5.08%.

Across a shorter period, Eaton, 6232 has seen a median price increase of -6.67% over the last quarter.

A $310 per week rent on the median house gives suburb investors a gross yield of circa 5.76%, without taking into account capital value appreciation, which has been averaging out at -0.97%.

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In the past 12 months leading up to April 2017, Eaton saw apartment values increase by nearly 6%, with over 3% growth reported in the April quarter alone.Full summary

Collie River suburb sees a pickup in both supply and value
Median unit price: $300,000
Stock on market: 4.70%
12-month growth: 5.63%

Following a string of negative growth years, things are finally looking up for the suburb of Eaton.

Located in the northeast region of Bunbury, this suburb is just 7km from the Bunbury CBD and is right on the shore of the Collie River. It is home to a state high school, a community college and a couple of primary schools, making it a great spot for families to consider. The local shopping centre, Eaton Fair, underwent an expansion in recent years as well.

In the past 12 months leading up to April 2017, Eaton saw apartment values increase by nearly 6%, with over 3% growth reported in the April quarter alone. The median price sits at a comfortable $300,000, perfect for buyers on a budget. Perhaps in expectation of rising demand, the amount of properties on the market jumped slightly by almost 5%


 Close
Metrics i HOUSE UNIT
$320,000 $280,000
-0.93% -6.67%
-2.74% -5.08%
-0.71% -0.97%
$330 $310
99 10
5.36% 5.76%
86.5 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Eaton WA
Demographics
Total population 8157
Median household income ($/weekly) 1438
Median age of persons 35
Median housing loan repayment ($/monthly) 1742
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1149 14.1
    25-34 years 1105 13.5
    35-44 years 1091 13.4
    45-54 years 1091 13.4
    55-64 years 826 10.1
    Others 2894 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 2897 51.9
    Not Married 1881 33.7
    Defacto Relationship 808 14.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6458 83.2
    Papua New Guinea 284 3.7
    South Africa 86 1.1
    United Kingdom 549 7.1
    Other 118 1.5
    Others 269 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 62 0.8
    Christianity 4889 66.3
    Islam 66 0.9
    Other Religious Groups 18 0.2
    No Religion 2327 31.6
    Others 10 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 296 11.9
    $1,250-$1,499 203 8.1
    $1,500-$1,999 394 15.8
    $2,000-$2,499 292 11.7
    $2,500-$2,999 271 10.9
    Others 1035 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2490 41.8
    Not in the labour force 1873 31.5
    Employed, worked part-time 1108 18.6
    Employed, away from work 300 5.0
    Unemployed, looking for work 180 3.0
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 879 22.5
    Clerical & administrative workers 481 12.3
    Sales 420 10.8
    Machinery operators & drivers 467 12.0
    Labourers 525 13.4
    Others 1132 29.0
    Occupation
    Census Count Percent(%)
    Pre-school 127 7.7
    Infants/Primary 726 44.0
    Secondary 465 28.2
    Technical or Further Educational Institution 179 10.8
    University or other Tertiary Institutions 124 7.5
    Others 30 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6991 94.2
    Semi-detached, row or terrace house, townhouse 343 4.6
    Caravan, cabin, houseboat 44 0.6
    Flat, unit or apartment 40 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1256 44.8
    Fully owned 773 27.6
    Rented 701 25.0
    Other tenure type 75 2.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals