Suburb Profile Report for Karrinyup WA (6018)

Karrinyup House: Median price $800,000, Annual capital growth 1.84%, Number of sales 158, Weekly median advertised rent $518

  • 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.

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WA has seen average median house prices change by -2.18% which means that Karrinyup, 6018 has not done well for property investors by showing a capital gain of 1.20% over the last year

The five-year average increase in median property values for Karrinyup,6018 has given property investors a potential capital gain of -4.19% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Karrinyup is offering property investors an average of -8.59. This rate of discount on properties puts Suburb at number 356th in terms of most discounted suburbs in WA

Property investors should expect to get $517.5 weekly from the median priced house in this suburb.

Information supplied by:


May 2018

M
O

W
E

Suburb recovers as housing stock falls

Postcode: 6018

Median house price: $807,500

Stock on market: -33.1% (houses from 114 to 74)

12-month growth: 3.1%

A short distance from Perth, the suburb of Karrinyup is looking at a potential resurgence as WA begins to stabilise.

The number of houses on the market decreased considerably from over 100 to just 74 over February 2017-2018. The limited supply could have helped to spur the slight price growth of 3.1% in this period.

A third of Karrinyup is composed of bushland, and there are two golf courses in the area that take advantage of this. Karrinyup Shopping Centre houses two department stores, the local community centre and a library. The bus station attached to the shopping centre provides access to the Stirling train station. Three state primary schools cater to families with children, and St Mary’s Anglican Girls School was relocated to Karrinyup in 1961.

Metrics i HOUSE UNIT
$800,000 N/A
3.90% N/A
1.20% N/A
1.84% N/A
$518 N/A
158 N/A
3.36% N/A
59.4545454545455 N/A

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), Above average (U)
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Demographics
Total population 8524
Median household income ($/weekly) 1791
Median age of persons 40
Median housing loan repayment ($/monthly) 2167
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1177 13.8
    25-34 years 842 9.9
    35-44 years 1390 16.3
    45-54 years 1112 13.0
    55-64 years 935 11.0
    Others 3066 36.0
    Age Group
    Census Count Percent(%)
    Registered Married 3373 56.2
    Not Married 2131 35.5
    Defacto Relationship 501 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5806 71.2
    Papua New Guinea 189 2.3
    South Africa 168 2.1
    United Kingdom 801 9.8
    Other 331 4.1
    Others 855 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 117 1.5
    Christianity 5343 68.2
    Hinduism 49 0.6
    Other Religious Groups 65 0.8
    No Religion 2209 28.2
    Others 52 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 287 10.8
    $2,000-$2,499 213 8.0
    $2,500-$2,999 392 14.7
    $3,000-$3,499 268 10.1
    $4,000 or more 204 7.7
    Others 1302 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2412 37.7
    Not in the labour force 2185 34.2
    Employed, worked part-time 1394 21.8
    Employed, away from work 259 4.0
    Unemployed, looking for work 147 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 628 15.4
    Professionals 1234 30.3
    Technicians & trades workers 497 12.2
    Clerical & administrative workers 620 15.2
    Sales 349 8.6
    Others 740 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 162 7.7
    Infants/Primary 769 36.4
    Secondary 603 28.6
    Technical or Further Educational Institution 123 5.8
    University or other Tertiary Institutions 416 19.7
    Others 37 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6929 89.3
    Semi-detached, row or terrace house, townhouse 697 9.0
    Flat, unit or apartment 136 1.8
    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 1111 37.7
    Being purchased 1093 37.1
    Rented 692 23.5
    Other tenure type 51 1.7
    Tenure Type
Census 2011, ABS
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