Suburb Profile Report for Balcatta WA (6021)

Balcatta House: Median price $450,000, Annual capital growth -0.74%, Number of sales 125, Weekly median advertised rent $360

Balcatta Unit: Median price $320,000, Annual capital growth -1.00%, Number of sales 41, Weekly median advertised rent $330

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Balcatta, 6021 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -8.72%.

Comparing Balcatta,6021 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

LACK OF BUYER INTEREST may well be the reason that Balcatta is offering property investors an average of -7.91. This rate of discount on properties puts Suburb at number 113th in terms of most discounted suburbs in WA

Property investors who have had real estate in Balcatta, 6021 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.03%

Over the longer term, Balcatta has seen property prices show investors a -12.33% return over the last 3 years. This is an improvement over the last 12 months

Property investors looking for a bargain in Balcatta should be aiming for at least -7.15% off the asking price, which is the average vendor discount being achieved at the moment.

Balcatta, 6021’s gross rental yield is 5.36%

Metrics i HOUSE UNIT
$450,000 $320,000
-4.26% 0.55%
-8.72% -3.03%
-0.74% -1.00%
$360 $330
125 41
4.16% 5.36%
88.6333333333334 64.2592592592593

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 9990
Median household income ($/weekly) 1115
Median age of persons 38
Median housing loan repayment ($/monthly) 1950
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 1769 17.7
    35-44 years 1395 14.0
    45-54 years 1100 11.0
    55-64 years 1032 10.3
    65-74 years 977 9.8
    Others 3718 37.2
    Age Group
    Census Count Percent(%)
    Not Married 3627 47.2
    Registered Married 3414 44.5
    Defacto Relationship 637 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5602 60.0
    Indonesia 282 3.0
    Japan 725 7.8
    United Kingdom 472 5.1
    Other 653 7.0
    Others 1606 17.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 202 2.2
    Christianity 6727 73.6
    Hinduism 198 2.2
    Islam 223 2.4
    No Religion 1661 18.2
    Others 129 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 348 9.3
    $400-$599 439 11.7
    $800-$999 331 8.8
    $1,500-$1,999 459 12.3
    $2,000-$2,499 334 8.9
    Others 1833 49.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3082 39.0
    Not in the labour force 2823 35.8
    Employed, worked part-time 1474 18.7
    Employed, away from work 301 3.8
    Unemployed, looking for work 214 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 484 10.0
    Professionals 971 20.0
    Technicians & trades workers 781 16.1
    Clerical & administrative workers 790 16.3
    Labourers 514 10.6
    Others 1313 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 119 6.6
    Infants/Primary 600 33.2
    Secondary 382 21.1
    Technical or Further Educational Institution 267 14.8
    University or other Tertiary Institutions 380 21.0
    Others 59 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6002 64.9
    Semi-detached, row or terrace house, townhouse 3153 34.1
    Flat, unit or apartment 95 1.0
    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 1437 35.6
    Rented 1365 33.8
    Being purchased 1187 29.4
    Other tenure type 53 1.3
    Tenure Type
Census 2011, ABS
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