Suburb Profile Report for Churchlands WA (6018)

Churchlands House: Median price $1,275,000, Annual capital growth 1.98%, Number of sales 48, Weekly median advertised rent $870

Churchlands Unit: Median price $360,000, Annual capital growth 1.95%, Number of sales 23, Weekly median advertised rent $340

  • 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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  • House Report
  • Unit Report

Churchlands, 6018 ranked 274th in WA when comparing growth in median property values or capital gain over the last 12 months. Churchlands is one of 1662 in our list for WA

While Churchlands,6018 ranked number 374th in WA for increase in median house value (annualised) increase, it is ranked 79th over the last 5 years.

Our latest figures would indicate that property sellers in Churchlands are currently offering property investors an average price cut of -7.32% below the asking price at the moment.

Property investors should expect to get $870 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Churchlands, 6018 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -18.00%.

When looking at the potential capital gains offered to property investors over the last 3 years, Churchlands comes in at number 34th in WA.

Sellers are offering property buyers an average discount of -9.73% to buyers in Churchlands at the moment, which is less than average for the rest of WA.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 1.95%, investors should hope to achieve an overall return of 4.91%

Information supplied by:


April 2017

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Premium suburb maintains a high profile
Median house price: $1,370,000
Three-year growth: 1.86%
Rental yield: 2.85%

Labelled after the purchase of the land by the Roman Catholic Church, Churchlands is one of the more expensive suburbs in Perth.

The median house price exceeds $1.3m following a period of consistent growth over a five-year period. Homes also sell at an average discount rate of just 4.71%. However, the suburb reported slight negative growth in the January 2017 quarter, with the average vacancy rate rising to 2.72% in the past 12 months. Furthermore, the low average yield may deter investors.

Nonetheless, the proximity of Churchlands to Perth remains very attractive. The suburb is populated with properties constructed post-1980s, and it is home to several schools, which could draw families. Moreover, it is bordered in the east by Herdsman Lake. Favoured recreational activities include picnicking and bird watching.

Commuters can travel into the CBD by bus.

Metrics i HOUSE UNIT
$1,275,000 $360,000
-3.99% -5.26%
-5.56% -18.00%
1.98% 1.95%
$870 $340
48 23
3.55% 4.91%
78.5128205128205 110.5

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), Balanced (U)
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Demographics
Total population 2750
Median household income ($/weekly) 1835
Median age of persons 36
Median housing loan repayment ($/monthly) 2500
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 325 11.8
    25-34 years 342 12.4
    35-44 years 334 12.1
    45-54 years 437 15.9
    55-64 years 349 12.7
    Others 963 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 1121 52.4
    Not Married 899 42.0
    Defacto Relationship 118 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1329 49.9
    Malta 120 4.5
    South Africa 132 5.0
    United Kingdom 254 9.5
    Other 197 7.4
    Others 629 23.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 95 3.7
    Christianity 1581 61.4
    Hinduism 110 4.3
    Islam 70 2.7
    No Religion 705 27.4
    Others 15 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 76 8.5
    $1,500-$1,999 119 13.3
    $2,500-$2,999 124 13.9
    $3,000-$3,499 77 8.6
    $4,000 or more 96 10.7
    Others 403 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 888 39.8
    Not in the labour force 669 30.0
    Employed, worked part-time 518 23.2
    Employed, away from work 84 3.8
    Unemployed, looking for work 70 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 226 15.2
    Professionals 557 37.4
    Community & personal service workers 139 9.3
    Clerical & administrative workers 199 13.4
    Sales 131 8.8
    Others 236 15.9
    Occupation
    Census Count Percent(%)
    Pre-school 31 3.7
    Infants/Primary 223 26.9
    Secondary 206 24.8
    Technical or Further Educational Institution 64 7.7
    University or other Tertiary Institutions 280 33.7
    Others 26 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1987 75.4
    Flat, unit or apartment 622 23.6
    Semi-detached, row or terrace house, townhouse 25 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 377 38.5
    Rented 303 30.9
    Being purchased 296 30.2
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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