Suburb Profile Report for Girrawheen WA (6064)

Girrawheen House: Median price $278,000, Annual capital growth -0.86%, Number of sales 96, Weekly median advertised rent $300

  • 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.

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  • House Report

Girrawheen is in the bottom 20% in WA when comparing median price capital growth over the last year. Girrawheen gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.73%.

If we look at median property appreciation over just the last three months, Girrawheen has given property investors a paper return of -1.42%. This puts Suburb as 316 on a list of fastest fasting appreciating suburbs in WA

LACK OF BUYER INTEREST may well be the reason that Girrawheen is offering property investors an average of -7.91. This rate of discount on properties puts Suburb at number 67th in terms of most discounted suburbs in WA

Information supplied by:


September 2017

M
O

W
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Decline slows in education centre

Postcode: 6064

Median unit price: $285,000

Three-year growth: -9.5%

Rental yield: 5.3%

As Perth prepares to bottom out in the next couple of years, the suburb of Girrawheen may be ahead of the curve as apartment prices begin pushing up following a down period.

While Girrawheen still reported a decline of 3.4% in the past 12 months leading up to July 2017, the trend has since slowed further to just 0.7% in the June 2017 quarter. The suburb’s convenient location may be a reason why – Girrawheen is less than 30 minutes from the Perth CBD by car, and it is within the Swan educational district. Thus, residents have access to several state primary and secondary schools, as well as private institutions.

Shopping is easy as well, with the presence of the Newpark and Summerfield shopping centres. The Square Mirrabooka is nearby as well.

Metrics i HOUSE UNIT
$278,000 N/A
-1.42% N/A
-11.73% N/A
-0.86% N/A
$300 N/A
96 N/A
5.61% N/A
75.6315789473684 N/A

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 : Above average (H), Balanced (U)
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Demographics
Total population 8334
Median household income ($/weekly) 988
Median age of persons 33
Median housing loan repayment ($/monthly) 1500
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1130 13.6
    25-34 years 1344 16.1
    35-44 years 1166 14.0
    45-54 years 994 11.9
    55-64 years 948 11.4
    Others 2751 33.0
    Age Group
    Census Count Percent(%)
    Not Married 2986 49.8
    Registered Married 2361 39.4
    Defacto Relationship 646 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4440 57.4
    Papua New Guinea 235 3.0
    United Kingdom 545 7.1
    Viet Nam 421 5.4
    Other 1060 13.7
    Others 1028 13.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 510 6.8
    Christianity 4658 62.1
    Islam 505 6.7
    Other Religious Groups 74 1.0
    No Religion 1721 22.9
    Others 36 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 313 11.8
    $600-$799 323 12.2
    $800-$999 297 11.2
    $1,000-$1,249 291 11.0
    $1,500-$1,999 332 12.5
    Others 1094 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2313 38.2
    Employed, worked full-time 2187 36.2
    Employed, worked part-time 1016 16.8
    Employed, away from work 267 4.4
    Unemployed, looking for work 265 4.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 656 18.9
    Community & personal service workers 465 13.4
    Clerical & administrative workers 444 12.8
    Machinery operators & drivers 359 10.3
    Labourers 586 16.9
    Others 962 27.7
    Occupation
    Census Count Percent(%)
    Pre-school 129 6.9
    Infants/Primary 689 36.7
    Secondary 443 23.6
    Technical or Further Educational Institution 283 15.1
    University or other Tertiary Institutions 246 13.1
    Others 88 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6673 84.9
    Flat, unit or apartment 665 8.5
    Semi-detached, row or terrace house, townhouse 514 6.5
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1249 43.0
    Rented 909 31.3
    Fully owned 728 25.1
    Other tenure type 16 0.6
    Tenure Type
Census 2011, ABS
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