Suburb Profile Report for Hammond Park WA (6164)

Hammond Park House: Median price $477,500, Annual capital growth 3.47%, Number of sales 72, Weekly median advertised rent $395

Hammond Park Unit: Median price $359,000, Annual capital growth -0.29%, Number of sales 13, Weekly median advertised rent $350

  • 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.

  • House Report
  • Unit Report

Hammond Park is in the bottom 30% in WA when comparing median price capital growth over the last year. Hammond Park gave property investors a disappointing capital gain figure when compared to the rest of the state, with -8.17%.

Over the longer term, Hammond Park has seen property prices show investors a -8.17% return over the last 3 years. This is the same as over the last 12 months

Hammond Park6164 is located in WA which offers an average discount of -7.91% to property investors. Hammond Park itself is showing figures that indicate -8.31% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Hammond Park the average time real estate has been on the market is 119.841 days.

Renters in Suburb are facing rents around $20540 per annum or $395 every week.

Property investors who have had real estate in Hammond Park, 6164 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.95%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hammond Park has fallen somewhat when compared to the 5 year average annual rate.

On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.

Advertised rents are around the $350 mark per week – giving a return of 5.07% based on the median price in Suburb

Metrics i HOUSE UNIT
$477,500 $359,000
-3.54% 29.37%
-8.17% 8.95%
3.47% -0.29%
$395 $350
72 13
4.30% 5.07%
119.84126984127 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 : Balanced (H), Balanced (U)
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Demographics
Total population 2434
Median household income ($/weekly) 2137
Median age of persons 29
Median housing loan repayment ($/monthly) 2535
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 293 12.0
    5-14 years 307 12.6
    25-34 years 678 27.9
    35-44 years 411 16.9
    45-54 years 219 9.0
    Others 526 21.6
    Age Group
    Census Count Percent(%)
    Registered Married 941 57.0
    Not Married 448 27.2
    Defacto Relationship 261 15.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1439 63.5
    Papua New Guinea 65 2.9
    South Africa 82 3.6
    United Kingdom 249 11.0
    Other 143 6.3
    Others 289 12.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 53 2.4
    Christianity 1459 66.9
    Hinduism 24 1.1
    Islam 19 0.9
    No Religion 609 27.9
    Others 17 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 55 7.6
    $1,500-$1,999 110 15.2
    $2,000-$2,499 131 18.0
    $2,500-$2,999 125 17.2
    $3,000-$3,499 67 9.2
    Others 238 32.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 988 57.8
    Employed, worked part-time 320 18.7
    Not in the labour force 282 16.5
    Employed, away from work 92 5.4
    Unemployed, looking for work 26 1.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 172 12.3
    Professionals 277 19.8
    Technicians & trades workers 244 17.4
    Clerical & administrative workers 253 18.1
    Sales 128 9.1
    Others 327 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 63 11.8
    Infants/Primary 186 34.7
    Secondary 129 24.1
    Technical or Further Educational Institution 51 9.5
    University or other Tertiary Institutions 94 17.5
    Others 13 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2006 89.9
    Semi-detached, row or terrace house, townhouse 192 8.6
    Flat, unit or apartment 34 1.5
    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 571 70.4
    Rented 146 18.0
    Fully owned 91 11.2
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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