Suburb Profile Report for Churchlands WA (6018)

Churchlands House: Median price $1,350,000, Annual capital growth 5.25%, Number of sales 35, Weekly median advertised rent $820

Churchlands Unit: Median price $395,000, Annual capital growth 2.30%, Number of sales 23, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Churchlands is an average performer in WA when comparing median price capital growth over the last year. Churchlands gave property investors a good capital gain figure when compared to the rest of the state, with -1.46%.

Over the longer term, Churchlands has seen property prices show investors a 2.82% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Churchlands is $1350000, with sellers offering an average of -5.78% off the asking price.

On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.

Using the current median advertised rental of $820 and the average annual increase in value of a median property of 5.25%, investors should hope to achieve an overall return of 3.16%

Giving property investors a an average capital gain of 3.95% for the last year, Churchlands, 6018 is the 903th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Churchlands has fallen somewhat 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 -8.94% offered to property buyers. Sellers in Churchlands itself are offering an average vendor discount of -4.75% to real estate investors.

Information supplied by:


April 2017

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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%.Full summary

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.

Close
Metrics i HOUSE UNIT
$1,350,000 $395,000
N/A 8.97%
-1.46% 3.95%
5.25% 2.30%
$820 $290
35 23
3.16% 3.82%
56.04 63.17

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Churchlands WA
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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Recent sales & rentals