Suburb Profile Report for Willagee WA (6156)

Willagee House: Median price $513,750, Annual capital growth 1.51%, Number of sales 112, Weekly median advertised rent $400

Willagee Unit: Median price $300,000, Annual capital growth -6.03%, Number of sales 41, Weekly median advertised rent $325

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

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

  • Expert Report
  • House Report
  • Unit Report

Investment property in Willagee has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.86%

When looking at the potential capital gains offered to property investors over the last 3 years, Willagee comes in at number 231th in WA.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Willagee, 6156. Typically our figures indicate that -5.12% is being offered, which puts this WA suburb at 2584th most discounted overall in Australia.

Situated 12.08km from the CBD, Willagee is one of Melville (C) localities in the postcode 6156.

Investment property in Willagee 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 -6.03%

While Willagee,6156 ranked number 33th in WA for increase in median house value (annualised) increase, it is ranked 103th over the last 5 years.

Willagee6156 is located in WA which offers an average discount of -9.70% to property investors. Willagee itself is showing figures that indicate -8.42% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Willagee the average time real estate has been on the market is 113.286 days.

Willagee is 40th on a list of best yielding suburbs for rents in WA with a 5.63% return

YIP MAG Information supplied by:

YIP MAG
April 2015

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Surrounded by significantly more expensive suburbs, Willagee is sitting on the brink of elevation.

Situated in a prime location with easy access to the beach, river and Perth’s CBD, it is easy to understand why interest in the area is significantly on the rise.

Currently with a vacancy rate of just 1.25%, this is expected to further shrink as more people realise the potential of the area.

Willagee offers almost anything people could want or need from a suburb.

With 10 parks and reserves, a library, community centre, school and great public transport, the suburb is becoming very popular with families.

Many development projects underway mean the facilities in the area are only going to keep improving.

The recent revitalisation of the Archibald Street shopping strip is just one example of many.

Popular streets in the suburb include Winnacott Street and Butler Street due to their central location.
Metrics i HOUSE UNIT
$513,750 $300,000
-1.20% 0.00%
-1.86% -6.03%
1.51% -6.03%
$400 $325
112 41
4.05% 5.63%
66.8522727272727 113.285714285714

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4767
Median household income ($/weekly) 1019
Median age of persons 36
Median housing loan repayment ($/monthly) 2100
Average household size 2.3
  • Census Count Percent(%)
    0-4 years 407 8.5
    5-14 years 624 13.1
    25-34 years 743 15.6
    35-44 years 826 17.3
    45-54 years 519 10.9
    Others 1648 34.6
    Age Group
    Census Count Percent(%)
    Not Married 1718 50.7
    Registered Married 1282 37.9
    Defacto Relationship 387 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3309 74.4
    Papua New Guinea 143 3.2
    Philippines 56 1.3
    United Kingdom 354 8.0
    Other 170 3.8
    Others 417 9.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 2.2
    Christianity 2612 61.0
    Islam 29 0.7
    Other Religious Groups 24 0.6
    No Religion 1495 34.9
    Others 26 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 230 13.6
    $400-$599 185 11.0
    $600-$799 144 8.5
    $800-$999 133 7.9
    $1,500-$1,999 169 10.0
    Others 824 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1348 38.3
    Employed, worked full-time 1271 36.1
    Employed, worked part-time 652 18.5
    Employed, away from work 134 3.8
    Unemployed, looking for work 117 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 206 10.0
    Professionals 518 25.2
    Technicians & trades workers 311 15.1
    Clerical & administrative workers 296 14.4
    Labourers 207 10.1
    Others 519 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 85 8.1
    Infants/Primary 381 36.5
    Secondary 243 23.3
    Technical or Further Educational Institution 101 9.7
    University or other Tertiary Institutions 211 20.2
    Others 23 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3877 87.2
    Semi-detached, row or terrace house, townhouse 315 7.1
    Flat, unit or apartment 252 5.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 749 40.1
    Being purchased 686 36.7
    Fully owned 379 20.3
    Other tenure type 54 2.9
    Tenure Type
Census 2011, ABS
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