Suburb Profile Report for Coolbellup WA (6163)

Coolbellup House: Median price $436,000, Annual capital growth 1.57%, Number of sales 78, Weekly median advertised rent $310

Coolbellup Unit: Median price $320,000, Annual capital growth 0.98%, Number of sales 21, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Investment property in Coolbellup 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 -1.19%

When looking at the potential capital gains offered to property investors over the last 3 years, Coolbellup comes in at number 363th in WA.

Our latest figures would indicate that property sellers in Coolbellup are currently offering property investors an average price cut of -7.09% below the asking price at the moment.

On average over the past year, suburb has had 6.50 sales per month, which equates to 78 per year.

Coolbellup is in the bottom 30% in WA when comparing median price capital growth over the last year. Coolbellup gave property investors a disappointing capital gain figure when compared to the rest of the state, with -11.11%.

Across a shorter period, Coolbellup, 6163 has seen a median price increase of -2.74% over the last quarter.

Property buyers and investors in Coolbellup 6163 should be seeing an average reduction in asking price of around -4.72% . This means that Coolbellup is holding prices well when compared to other suburbs in WA.

On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.

Advertised rents are around the $280 mark per week – giving a return of 4.55% based on the median price in Suburb

Metrics i HOUSE UNIT
$436,000 $320,000
-0.91% -2.74%
-1.19% -11.11%
1.57% 0.98%
$310 $280
78 21
3.70% 4.55%
62.33 139.4

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4917
Median household income ($/weekly) 982
Median age of persons 36
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 873 17.8
    35-44 years 737 15.0
    45-54 years 583 11.9
    55-64 years 480 9.8
    65-74 years 491 10.0
    Others 1753 35.7
    Age Group
    Census Count Percent(%)
    Not Married 1880 51.0
    Registered Married 1255 34.1
    Defacto Relationship 548 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3266 70.7
    Papua New Guinea 124 2.7
    Philippines 71 1.5
    United Kingdom 444 9.6
    Other 272 5.9
    Others 440 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 70 1.6
    Christianity 2548 58.3
    Islam 68 1.6
    Other Religious Groups 34 0.8
    No Religion 1607 36.8
    Others 42 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 220 11.8
    $400-$599 211 11.3
    $800-$999 177 9.5
    $1,000-$1,249 197 10.6
    $1,500-$1,999 247 13.3
    Others 810 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1421 36.9
    Employed, worked full-time 1411 36.6
    Employed, worked part-time 691 17.9
    Unemployed, looking for work 172 4.5
    Employed, away from work 157 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 424 18.8
    Technicians & trades workers 405 17.9
    Community & personal service workers 249 11.0
    Clerical & administrative workers 310 13.7
    Labourers 300 13.3
    Others 573 25.3
    Occupation
    Census Count Percent(%)
    Pre-school 60 6.5
    Infants/Primary 310 33.4
    Secondary 198 21.3
    Technical or Further Educational Institution 113 12.2
    University or other Tertiary Institutions 213 23.0
    Others 34 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3750 82.3
    Flat, unit or apartment 473 10.4
    Semi-detached, row or terrace house, townhouse 332 7.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 787 38.5
    Rented 768 37.5
    Fully owned 481 23.5
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals