Suburb Profile Report for Wembley WA (6014)

Wembley House: Median price $962,500, Annual capital growth 2.33%, Number of sales 95, Weekly median advertised rent $580

Wembley Unit: Median price $255,000, Annual capital growth 0.16%, Number of sales 107, Weekly median advertised rent $260

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

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

  • House Report
  • Unit Report

WA has seen average median house prices change by -2.18% which means that Wembley, 6014 has not done well for property investors by showing a capital gain of -5.87% over the last year

Comparing Wembley,6014 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Vendor discounting in Wembley is giving property investors an average Vendor Discount of around -7.63%. This puts suburb at number 221th in WA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Wembley the average time real estate has been on the market is 46.7971 days.

Over the last year, property investments in Wembley, 6014 have given investors a capital gain of -28.17%. This compares very badly with the -7.26% for WA as a whole.

Wembley,6014 was ranked 1458 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Wembley are currently offering property investors an average price cut of -9.39% below the asking price at the moment.

Using the current median advertised rental of $260 and the average annual increase in value of a median property of 0.16%, investors should hope to achieve an overall return of 5.30%

Metrics i HOUSE UNIT
$962,500 $255,000
-0.36% -10.37%
-5.87% -28.17%
2.33% 0.16%
$580 $260
95 107
3.13% 5.30%
46.7971014492754 88.3972602739726

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. 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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