Suburb Profile Report for Munster WA (6166)

Munster House: Median price $555,500, Annual capital growth 1.87%, Number of sales 69, Weekly median advertised rent $390

  • 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

Giving property investors a a stable capital gain of 5.81% for the last year, Munster, 6166 is the 1120th highest performer in Australia in this respect.

While Munster,6166 ranked number 324th in WA for increase in median house value (annualised) increase, it is ranked 91th over the last 5 years.

Sellers are offering property buyers an average discount of -6.11% to buyers in Munster at the moment, which is less than average for the rest of WA.

On average over the past year, suburb has had 5.75 sales per month, which equates to 69 per year.

A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 1.87%.

Metrics i HOUSE UNIT
$555,500 N/A
-1.68% N/A
5.81% N/A
1.87% N/A
$390 N/A
69 N/A
3.65% N/A
117.5 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), Below average (U)
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Demographics
Total population 3474
Median household income ($/weekly) 1400
Median age of persons 39
Median housing loan repayment ($/monthly) 2015
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 402 11.6
    25-34 years 401 11.5
    35-44 years 491 14.1
    45-54 years 575 16.5
    55-64 years 395 11.4
    Others 1211 34.8
    Age Group
    Census Count Percent(%)
    Registered Married 1386 53.2
    Not Married 1043 40.0
    Defacto Relationship 177 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2295 69.6
    Egypt 105 3.2
    Japan 85 2.6
    United Kingdom 313 9.5
    Other 153 4.6
    Others 345 10.5
    Country of Birth
    Census Count Percent(%)
    Christianity 2579 80.4
    No Religion 580 18.1
    Buddhism 20 0.6
    Islam 17 0.5
    Other Religious Groups 12 0.4
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 116 10.8
    $1,250-$1,499 91 8.5
    $1,500-$1,999 133 12.4
    $2,000-$2,499 113 10.5
    $2,500-$2,999 115 10.7
    Others 504 47.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1122 41.3
    Not in the labour force 852 31.3
    Employed, worked part-time 539 19.8
    Employed, away from work 130 4.8
    Unemployed, looking for work 75 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 183 10.2
    Professionals 233 13.0
    Technicians & trades workers 367 20.5
    Clerical & administrative workers 323 18.0
    Sales 190 10.6
    Others 496 27.7
    Occupation
    Census Count Percent(%)
    Pre-school 49 6.8
    Infants/Primary 242 33.4
    Secondary 227 31.4
    Technical or Further Educational Institution 66 9.1
    University or other Tertiary Institutions 125 17.3
    Others 15 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3067 94.2
    Semi-detached, row or terrace house, townhouse 118 3.6
    Flat, unit or apartment 51 1.6
    Caravan, cabin, houseboat 20 0.6
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 513 42.4
    Being purchased 487 40.2
    Rented 207 17.1
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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