Suburb Profile Report for Wembley WA (6014)

Wembley House: Median price $1,000,000, Annual capital growth 1.54%, Number of sales 106, Weekly median advertised rent $635

Wembley Unit: Median price $247,000, Annual capital growth -1.84%, Number of sales 77, Weekly median advertised rent $275

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

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 1595th in the list of Australian suburbs ordered by increase in median house value over the last year, Wembley, 6014 is in the top 40% with a property value increase of 3.63% recorded in median house prices.

Over the longer term, Wembley has seen property prices show investors a 4.06% return over the last 3 years. This is worse than over the last 12 months

Wembley6014 is located in WA which offers an average discount of -7.84% to property investors. Wembley itself is showing figures that indicate -5.39% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 8.83 sales per month, which equates to 106 per year.

Advertised rents are around the $635 mark per week – giving a return of 3.30% based on the median price in Suburb

Over the last year, property investments in Wembley, 6014 have given investors a capital gain of -11.47%. This compares badly with the -4.93% for WA as a whole.

Taking the average capital gain, or increase in median house value, Wembley,6014 has racked up an average of -11.47% over the period. This ranks it number 1467th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Wembley is $247000, with sellers offering an average of -8.81% off the asking price.

Wembley is 52th on a list of best yielding suburbs for rents in WA with a 5.79% return

Metrics i HOUSE UNIT
$1,000,000 $247,000
0.00% -0.80%
3.63% -11.47%
1.54% -1.84%
$635 $275
106 77
3.30% 5.79%
52.8915662650602 77.8947368421053

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 10553
Median household income ($/weekly) 1585
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1260 11.9
    25-34 years 2026 19.2
    35-44 years 1715 16.3
    45-54 years 1307 12.4
    55-64 years 929 8.8
    Others 3316 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 3521 46.5
    Not Married 3241 42.8
    Defacto Relationship 802 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6294 64.0
    Indonesia 436 4.4
    Papua New Guinea 217 2.2
    United Kingdom 835 8.5
    Other 667 6.8
    Others 1393 14.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 244 2.6
    Christianity 5812 61.1
    Hinduism 405 4.3
    Islam 174 1.8
    No Religion 2764 29.1
    Others 109 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 326 8.4
    $1,000-$1,249 298 7.7
    $1,500-$1,999 432 11.1
    $2,500-$2,999 555 14.3
    $4,000 or more 330 8.5
    Others 1952 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3644 45.4
    Not in the labour force 2134 26.6
    Employed, worked part-time 1727 21.5
    Employed, away from work 317 3.9
    Unemployed, looking for work 209 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 718 12.6
    Professionals 2137 37.6
    Technicians & trades workers 577 10.1
    Community & personal service workers 497 8.7
    Clerical & administrative workers 741 13.0
    Others 1016 17.9
    Occupation
    Census Count Percent(%)
    Pre-school 203 7.7
    Infants/Primary 928 35.3
    Secondary 422 16.1
    Technical or Further Educational Institution 238 9.1
    University or other Tertiary Institutions 749 28.5
    Others 88 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6229 64.9
    Flat, unit or apartment 2509 26.1
    Semi-detached, row or terrace house, townhouse 867 9.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1592 38.0
    Being purchased 1345 32.1
    Fully owned 1169 27.9
    Other tenure type 84 2.0
    Tenure Type
Census 2011, ABS
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