Suburb Profile Report for Denmark WA (6333)

Denmark House: Median price $365,000, Annual capital growth 0.92%, Number of sales 60, Weekly median advertised rent $330

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

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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WA has seen average median house prices change by -1.72% which means that Denmark, 6333 has not done well for property investors by showing a capital gain of -7.19% over the last year

While Denmark,6333 ranked number 144th in WA for increase in median house value (annualised) increase, it is ranked 48th over the last 5 years.

Our latest figures would indicate that property sellers in Denmark are currently offering property investors an average price cut of -10.00% below the asking price at the moment.

At number 3565 in a list of fastest selling suburbs, Denmark is in the bottom 10% of suburbs in Australia with an average of days on market 135.25 for properties listed there.

Advertised rents are around the $330 mark per week – giving a return of 4.83% based on the median price in Suburb

Information supplied by:


January 2019

M
O

W
E

Tourist hub teems with houses

Postcode: 6333

Median house price: $369,000

Stock on market: 32.4%

12-month growth: -1.6%

Along the Rainbow Coast of WA, the suburb of Denmark is a big hit with tourists because it offers both lovely forests and stunning white sand beaches. Its mild climate makes it ideal as year-round travel destination for those love nature, food and wine.

Denmark sits where its namesake river merges with the Wilson Inlet. The area teems with beautiful flora and fauna while generating remarkable views of the Southern Ocean.

Holidaymakers flock to this area, but it also serves as a permanent home to locals who enjoy the small-town feel. Housing stock has increased markedly over the year to October 2018 by 32% - going from 72 to 95.  With Perth remaining in a recovery position for now, however, house values have not risen since 2013, bringing the median price to only $369,000.

Metrics i HOUSE UNIT
$365,000 N/A
0.00% N/A
-7.19% N/A
0.92% N/A
$330 N/A
60 N/A
4.83% N/A
135.25 N/A

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 2280
Median household income ($/weekly) 741
Median age of persons 43
Median housing loan repayment ($/monthly) 1300
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 315 13.8
    35-44 years 273 12.0
    45-54 years 306 13.4
    55-64 years 268 11.8
    65-74 years 280 12.3
    Others 838 36.8
    Age Group
    Census Count Percent(%)
    Registered Married 683 45.0
    Not Married 648 42.7
    Defacto Relationship 186 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1584 74.8
    Papua New Guinea 47 2.2
    South Africa 24 1.1
    United Kingdom 310 14.6
    Other 53 2.5
    Others 101 4.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 43 2.1
    Christianity 1001 49.8
    Judaism 6 0.3
    Other Religious Groups 36 1.8
    No Religion 921 45.8
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 129 15.1
    $400-$599 149 17.5
    $600-$799 117 13.7
    $800-$999 90 10.6
    $1,000-$1,249 83 9.7
    Others 285 33.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 814 47.7
    Employed, worked full-time 401 23.5
    Employed, worked part-time 357 20.9
    Employed, away from work 77 4.5
    Unemployed, looking for work 57 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 128 15.3
    Professionals 168 20.1
    Technicians & trades workers 137 16.4
    Community & personal service workers 94 11.2
    Labourers 95 11.4
    Others 215 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 31 6.5
    Infants/Primary 194 40.8
    Secondary 141 29.6
    Technical or Further Educational Institution 74 15.5
    University or other Tertiary Institutions 28 5.9
    Others 8 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1803 90.8
    Semi-detached, row or terrace house, townhouse 134 6.8
    Caravan, cabin, houseboat 25 1.3
    Flat, unit or apartment 16 0.8
    House or flat attached to a shop, office 7 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 369 40.1
    Fully owned 331 35.9
    Being purchased 201 21.8
    Other tenure type 20 2.2
    Tenure Type
Census 2011, ABS
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