Suburb Profile Report for Nedlands WA (6009)

Nedlands House: Median price $1,607,500, Annual capital growth 1.52%, Number of sales 114, Weekly median advertised rent $650

Nedlands Unit: Median price $580,000, Annual capital growth 0.61%, Number of sales 28, Weekly median advertised rent $450

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 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 -2.74% which means that Nedlands, 6009 has not done well for property investors by showing a capital gain of -1.98% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nedlands has increased when compared to the 5 year average annual rate.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.58% offered to property buyers. Sellers in Nedlands itself are offering an average vendor discount of -7.90% to real estate investors.

Property investors should expect to get $650 weekly from the median priced house in this suburb.

With a capital gain of 3.57% for the last 12 months, Nedlands, 6009 has performed for property investments than its average annual 0.61% property growth over the last 5 years.

The five-year average increase in median property values for Nedlands,6009 has given property investors a potential capital gain of -7.94% across each of those five years.

Property buyers and investors in Nedlands 6009 should be seeing an average reduction in asking price of around -9.00% . This means that Nedlands is holding prices well when compared to other suburbs in WA.

Often selling an investment property can take time, and in Nedlands the average time real estate has been on the market is 88.3 days.

The WA suburb of Nedlands, 6009 is in the Nedlands (C) local government area.

YIP MAG Information supplied by:

YIP MAG
May 2016

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While it’s home to what would appear to be some relatively attractive infrastructure, the unit market in Nedlands seems to have hit a rough patch.

The median unit price in the suburb sits at a respectable $587,500; however, that is likely to fall given current trends.

The median price has dropped 15% this year, according to CoreLogic RP Data, and by 2% over the past five.

Sales are slow, with units spending on average 64 days on the market and vendors offering discounts of 9%.

While Nedlands is currently struggling, the suburb has some qualities that might make it a good location to look at when the market bottoms out.

The University of Western Australia is immediately to the east of Nedlands, while the expansive QEII Medical Centre is to the north.

There are also a number of nearby train stations linking the suburb to the rest of Perth.
Metrics i HOUSE UNIT
$1,607,500 $580,000
5.07% -17.14%
-1.98% 3.57%
1.52% 0.61%
$650 $450
114 28
2.10% 4.03%
45 88.3

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 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 10183
Median household income ($/weekly) 2342
Median age of persons 39
Median housing loan repayment ($/monthly) 2975
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1356 13.3
    20-24 years 1029 10.1
    35-44 years 1189 11.7
    45-54 years 1464 14.4
    55-64 years 1292 12.7
    Others 3853 37.8
    Age Group
    Census Count Percent(%)
    Registered Married 3855 51.7
    Not Married 3200 42.9
    Defacto Relationship 402 5.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6261 64.3
    Malta 354 3.6
    Singapore 217 2.2
    United Kingdom 973 10.0
    Other 521 5.4
    Others 1410 14.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 255 2.7
    Christianity 5753 61.2
    Hinduism 141 1.5
    Islam 146 1.6
    No Religion 2979 31.7
    Others 120 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 198 6.4
    $1,500-$1,999 292 9.4
    $2,500-$2,999 564 18.1
    $3,000-$3,499 298 9.6
    $4,000 or more 463 14.8
    Others 1303 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2796 35.2
    Not in the labour force 2727 34.3
    Employed, worked part-time 1925 24.2
    Employed, away from work 292 3.7
    Unemployed, looking for work 211 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 822 16.4
    Professionals 2330 46.5
    Community & personal service workers 363 7.2
    Clerical & administrative workers 575 11.5
    Sales 376 7.5
    Others 547 10.9
    Occupation
    Census Count Percent(%)
    Pre-school 169 5.1
    Infants/Primary 936 28.5
    Secondary 662 20.2
    Technical or Further Educational Institution 114 3.5
    University or other Tertiary Institutions 1352 41.2
    Others 52 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7719 81.8
    Semi-detached, row or terrace house, townhouse 1048 11.1
    Flat, unit or apartment 664 7.0
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1441 41.5
    Being purchased 991 28.5
    Rented 984 28.3
    Other tenure type 56 1.6
    Tenure Type
Census 2011, ABS
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