Suburb Profile Report for Tuart Hill WA (6060)

Tuart Hill House: Median price $520,000, Annual capital growth 1.74%, Number of sales 73, Weekly median advertised rent $350

Tuart Hill Unit: Median price $320,000, Annual capital growth 0.42%, Number of sales 79, Weekly median advertised rent $310

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

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

  • House Report
  • Unit Report

With a capital gain of 3.81% for the last 12 months, Tuart Hill, 6060 has performed for property investments than its average annual 2.06% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Tuart Hill comes in at number 139th in WA.

Property investors looking for a bargain in Tuart Hill should be aiming for at least -6.50% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Tuart Hill being $545000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.34%

At number 1031th in the list of Australian suburbs ordered by increase in median house value over the last year, Tuart Hill, 6060 is in the BOTTOM 40% with a property value increase of -3.43% recorded in median house prices.

Across a shorter period, Tuart Hill, 6060 has seen a median price increase of 3.33% over the last quarter.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.64% offered to property buyers. Sellers in Tuart Hill itself are offering an average vendor discount of -8.71% to real estate investors.

At number 1001 in a list of fastest selling suburbs, Tuart Hill is in the bottom 30% of suburbs in Australia with an average of days on market 84.5 for properties listed there.

Metrics i HOUSE UNIT
$520,000 $320,000
0.97% 10.34%
-0.95% 6.22%
1.74% 0.42%
$350 $310
73 79
3.50% 5.04%
69.108696 74.66102

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

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