Suburb Profile Report for Nollamara WA (6061)

Nollamara House: Median price $365,000, Annual capital growth -0.40%, Number of sales 169, Weekly median advertised rent $330

Nollamara Unit: Median price $270,000, Annual capital growth -2.18%, Number of sales 25, Weekly median advertised rent $320

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

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

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  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of -3.95% for the last year, Nollamara, 6061 is the 2603th highest performer in Australia in this respect.

Nollamara,6061 was ranked 1472 in Australia by increase in median property value over the quarter.

At number 135th of WA’s most discounted properties, Nollamara is in the bottom 40% of the state/territory when listing in order of most discounted to least.

In the last year 169 properties changed hands in Nollamara, which puts it as the 21th most active market in WA when comparing the number of sales per suburb.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.70%, without taking into account capital value appreciation, which has been averaging out at -0.40%.

At number 1373th in the list of Australian suburbs ordered by increase in median house value over the last year, Nollamara, 6061 is in the BOTTOM 10% with a property value increase of -14.29% recorded in median house prices.

Comparing Nollamara,6061 ‘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 Nollamara is offering property investors an average of -9.28. This rate of discount on properties puts Suburb at number 14th in terms of most discounted suburbs in WA

Using the current median advertised rental of $320 and the average annual increase in value of a median property of -2.18%, investors should hope to achieve an overall return of 6.16%

Information supplied by:


November 2018

M
O

W
E

Lowered supply could boost demand

Postcode: 6061

Median house price: $385,000

Stock on market: -15.1%

12-month growth: -3.8%

Named for the Kangaroo Paw plant, the suburb of Nollamara enjoys a premium location just around 10km from the Perth CBD and 15km from Trigg Beach.

While it got its start as a low-income suburb, Nollamara has since experienced a lot of gentrification. Newly constructed houses have taken the place of old established properties, attracting young families and professionals. In addition, Nollamara is bordered by hip (more expensive) hangouts like Leederville and Subiaco.

Prices are dropping in line with WA’s overall status, but the decline seems to slowing for Nollamara. Moreover, the number of houses on the market went down from over 170 to less than 140 in the span of 12 months (August 2017-2018). This tightening of supply could serve to increase demand and inspire positive growth in combination with the low price tag.

Metrics i HOUSE UNIT
$365,000 $270,000
1.39% -14.29%
-3.95% -14.29%
-0.40% -2.18%
$330 $320
169 25
4.70% 6.16%
80.5 116.6875

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. 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 9887
Median household income ($/weekly) 1158
Median age of persons 32
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 909 9.2
    25-34 years 2513 25.4
    35-44 years 1363 13.8
    45-54 years 992 10.0
    55-64 years 890 9.0
    Others 3220 32.6
    Age Group
    Census Count Percent(%)
    Not Married 3681 49.3
    Registered Married 2905 38.9
    Defacto Relationship 886 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4820 53.1
    Indonesia 317 3.5
    Papua New Guinea 301 3.3
    United Kingdom 498 5.5
    Other 1191 13.1
    Others 1953 21.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 506 5.7
    Christianity 5205 58.8
    Hinduism 228 2.6
    Islam 579 6.5
    No Religion 2093 23.6
    Others 242 2.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 386 10.4
    $600-$799 343 9.3
    $1,000-$1,249 377 10.2
    $1,250-$1,499 344 9.3
    $1,500-$1,999 479 12.9
    Others 1778 48.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3167 41.8
    Not in the labour force 2530 33.4
    Employed, worked part-time 1270 16.7
    Employed, away from work 328 4.3
    Unemployed, looking for work 288 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1000 21.0
    Technicians & trades workers 727 15.3
    Community & personal service workers 522 11.0
    Clerical & administrative workers 776 16.3
    Labourers 518 10.9
    Others 1217 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 129 6.5
    Infants/Primary 562 28.2
    Secondary 337 16.9
    Technical or Further Educational Institution 341 17.1
    University or other Tertiary Institutions 510 25.6
    Others 112 5.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 4342 47.4
    Separate house 4103 44.8
    Flat, unit or apartment 722 7.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1810 45.5
    Being purchased 1248 31.4
    Fully owned 903 22.7
    Other tenure type 17 0.4
    Tenure Type
Census 2011, ABS
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