Suburb Profile Report for Tuart Hill WA (6060)

Tuart Hill House: Median price $524,000, Annual capital growth -0.49%, Number of sales 121, Weekly median advertised rent $390

Tuart Hill Unit: Median price $320,000, Annual capital growth -0.40%, Number of sales 127, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Tuart Hill has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.80%

A -6.43% growth in median value for property investors in Tuart Hill,6060 puts this suburb at number 364th in terms of best performing suburbs in WA

Property buyers and investors in Tuart Hill 6060 should be seeing an average reduction in asking price of around -3.50% . This means that Tuart Hill is holding prices well when compared to other suburbs in WA.

With the median price for a house in Tuart Hill being $524000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 3.87%

Tuart Hill is an average performer in WA when comparing median price capital growth over the last year. Tuart Hill gave property investors a good capital gain figure when compared to the rest of the state, with 11.30%.

Over the longer term, Tuart Hill has seen property prices show investors a 9.97% return over the last 3 years. This is an improvement over the last 12 months

Sellers are offering property buyers an average discount of -4.72% to buyers in Tuart Hill at the moment, which is less than average for the rest of WA.

Renters in Suburb are facing rents around $17160 per annum or $330 every week.

Metrics i HOUSE UNIT
$524,000 $320,000
1.26% 2.07%
4.80% 11.30%
-0.49% -0.40%
$390 $330
121 127
3.87% 5.36%
46.2972972972973 47.2525252525253

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 6705
Median household income ($/weekly) 1154
Median age of persons 34
Median housing loan repayment ($/monthly) 1928
Average household size 2
  • Census Count Percent(%)
    20-24 years 519 7.7
    25-34 years 1753 26.1
    35-44 years 1045 15.6
    45-54 years 781 11.6
    55-64 years 645 9.6
    Others 1962 29.3
    Age Group
    Census Count Percent(%)
    Not Married 2711 51.2
    Registered Married 1918 36.2
    Defacto Relationship 670 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3347 53.8
    Indonesia 300 4.8
    Japan 269 4.3
    United Kingdom 395 6.3
    Other 609 9.8
    Others 1306 21.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 285 4.8
    Christianity 3705 61.8
    Hinduism 239 4.0
    Islam 269 4.5
    No Religion 1386 23.1
    Others 110 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 328 11.2
    $600-$799 271 9.2
    $1,000-$1,249 286 9.7
    $1,250-$1,499 270 9.2
    $1,500-$1,999 375 12.8
    Others 1406 47.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2485 45.7
    Not in the labour force 1618 29.7
    Employed, worked part-time 950 17.5
    Unemployed, looking for work 197 3.6
    Employed, away from work 193 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 945 26.0
    Technicians & trades workers 516 14.2
    Community & personal service workers 345 9.5
    Clerical & administrative workers 578 15.9
    Labourers 348 9.6
    Others 896 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 78 6.5
    Infants/Primary 267 22.3
    Secondary 185 15.4
    Technical or Further Educational Institution 233 19.4
    University or other Tertiary Institutions 361 30.1
    Others 74 6.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 2870 46.1
    Separate house 2227 35.8
    Flat, unit or apartment 1131 18.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1354 43.7
    Being purchased 913 29.5
    Fully owned 806 26.0
    Other tenure type 23 0.7
    Tenure Type
Census 2011, ABS
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