Suburb Profile Report for Lockridge WA (6054)

Lockridge House: Median price $240,000, Annual capital growth -2.28%, Number of sales 34, Weekly median advertised rent $280

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

WA has seen average median house prices change by -1.71% which means that Lockridge, 6054 has not done well for property investors by showing a capital gain of -20.33% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lockridge has fallen somewhat when compared to the 5 year average annual rate.

Vendor discounting in Lockridge is giving property investors an average Vendor Discount of around -13.18%. This puts suburb at number 22th in WA when ranking the most discounted suburbs.

At number 3462 in a list of fastest selling suburbs, Lockridge is in the bottom 10% of suburbs in Australia with an average of days on market 133.714 for properties listed there.

With the median price for a house in Lockridge being $240000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 6.07%

Metrics	HOUSE	UNIT
Median price	$240,000	N/A
Quarterly growth	-3.42%	N/A
12-month growth	-20.33%	N/A
Average Annual Growth	-2.28%	N/A
Weekly median advertised rent	$280	N/A
Number of sales	34	N/A
Gross rental yield	6.07%	N/A
Days on market	133.714285714286	N/A

DSR Score for property investment : Balanced (H), Balanced (U)

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Demographics

Total population	3566
Median household income ($/weekly)	948
Median age of persons	34
Median housing loan repayment ($/monthly)	1339
Average household size	2.5

Census	Count	Percent(%)
5-14 years	485	13.6
25-34 years	578	16.2
35-44 years	534	15.0
45-54 years	431	12.1
55-64 years	372	10.4
Others	1166	32.7

Age Group

Census	Count	Percent(%)
Not Married	1295	50.4
Registered Married	983	38.2
Defacto Relationship	293	11.4

Social Marital Status

Census	Count	Percent(%)
Australia	2259	68.1
Indonesia	97	2.9
Papua New Guinea	99	3.0
United Kingdom	204	6.1
Other	144	4.3
Others	516	15.5

Country of Birth

Census	Count	Percent(%)
Buddhism	136	4.3
Christianity	1897	59.3
Islam	87	2.7
Other Religious Groups	46	1.4
No Religion	994	31.1
Others	39	1.2

Religious Affiliation

Census	Count	Percent(%)
$400-$599	144	12.2
$600-$799	158	13.3
$800-$999	128	10.8
$1,250-$1,499	115	9.7
$1,500-$1,999	152	12.8
Others	488	41.2

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	977	37.7
Employed, worked full-time	953	36.7
Employed, worked part-time	423	16.3
Unemployed, looking for work	121	4.7
Employed, away from work	120	4.6

Person Characteristics

Census	Count	Percent(%)
Technicians & trades workers	301	20.1
Community & personal service workers	183	12.2
Clerical & administrative workers	178	11.9
Machinery operators & drivers	185	12.3
Labourers	245	16.4
Others	406	27.1

Occupation

Census	Count	Percent(%)
Pre-school	51	6.9
Infants/Primary	296	40.2
Secondary	188	25.5
Technical or Further Educational Institution	97	13.2
University or other Tertiary Institutions	83	11.3
Others	21	2.9

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	2862	84.0
Semi-detached, row or terrace house, townhouse	415	12.2
Flat, unit or apartment	132	3.9
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0