Suburb Profile Report for Wembley WA (6014)

Wembley House: Median price $975,000, Annual capital growth 1.34%, Number of sales 101, Weekly median advertised rent $580

Wembley Unit: Median price $294,500, Annual capital growth 1.18%, Number of sales 108, Weekly median advertised rent $265

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

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

  • House Report
  • Unit Report

Investment property in Wembley has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.88%

If we look at median property appreciation over just the last three months, Wembley has given property investors a paper return of -2.79%. This puts Suburb as 359 on a list of fastest fasting appreciating suburbs in WA

Property buyers and investors in Wembley 6014 should be seeing an average reduction in asking price of around -4.07% . This means that Wembley is holding prices well when compared to other suburbs in WA.

If you compare the increase in value of investment property in Wembley, 6014 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -7.85%.

When looking at the potential capital gains offered to property investors over the last 3 years, Wembley comes in at number 44th in WA.

Sellers are offering property buyers an average discount of -7.56% to buyers in Wembley at the moment, which is less than average for the rest of WA.

Situated 4.72km from the CBD, Wembley is one of Cambridge (T) localities in the postcode 6014.

Metrics i HOUSE UNIT
$975,000 $294,500
-0.51% -10.08%
-3.27% -6.51%
1.34% 1.18%
$580 $265
101 108
3.09% 4.68%
36.79221 89.05556

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

DSR Score for property investment : Above average (H), Above average (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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