Suburb Profile Report for Shoalwater WA (6169)

Shoalwater House: Median price $430,000, Annual capital growth 0.32%, Number of sales 56, Weekly median advertised rent $360

Shoalwater Unit: Median price $195,000, Annual capital growth 0.14%, Number of sales 21, Weekly median advertised rent $228

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Shoalwater is in the TOP 30% in WA when comparing median price capital growth over the last year. Shoalwater gave property investors a good capital gain figure when compared to the rest of the state, with 2.38%.

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

Our latest figures would indicate that property sellers in Shoalwater are currently offering property investors an average price cut of -9.92% below the asking price at the moment.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Shoalwater, 6169 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -39.06%.

If we look at median property appreciation over just the last three months, Shoalwater has given property investors a paper return of -14.29%. This puts Suburb as 113 on a list of fastest fasting appreciating suburbs in WA

LACK OF BUYER INTEREST may well be the reason that Shoalwater is offering property investors an average of -8.81. This rate of discount on properties puts Suburb at number 7th in terms of most discounted suburbs in WA

With the median price for a house in Shoalwater being $195000 and the advertised rent reaching $227.5 the gross rental yield for property investors calculates out to be 6.07%

Metrics i HOUSE UNIT
$430,000 $195,000
2.69% -14.29%
2.38% -39.06%
0.32% 0.14%
$360 $228
56 21
4.35% 6.07%
90.2702702702703 143.066666666667

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Below average (U)
Find a mortgage broker in Shoalwater WA
Demographics
Total population 3846
Median household income ($/weekly) 931
Median age of persons 45
Median housing loan repayment ($/monthly) 1950
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 417 10.8
    35-44 years 434 11.3
    45-54 years 527 13.7
    55-64 years 483 12.6
    65-74 years 455 11.8
    Others 1530 39.8
    Age Group
    Census Count Percent(%)
    Registered Married 1243 45.3
    Not Married 1206 44.0
    Defacto Relationship 292 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2352 65.3
    Papua New Guinea 165 4.6
    South Africa 67 1.9
    United Kingdom 707 19.6
    Other 98 2.7
    Others 214 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 43 1.2
    Christianity 2444 70.3
    Islam 22 0.6
    Other Religious Groups 14 0.4
    No Religion 946 27.2
    Others 8 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 142 9.9
    $400-$599 209 14.6
    $600-$799 149 10.4
    $1,500-$1,999 150 10.5
    $2,500-$2,999 129 9.0
    Others 654 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1368 44.5
    Employed, worked full-time 986 32.1
    Employed, worked part-time 457 14.9
    Employed, away from work 150 4.9
    Unemployed, looking for work 110 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 242 15.2
    Technicians & trades workers 331 20.8
    Community & personal service workers 170 10.7
    Clerical & administrative workers 234 14.7
    Sales 159 10.0
    Others 456 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 46 7.1
    Infants/Primary 233 36.2
    Secondary 164 25.5
    Technical or Further Educational Institution 72 11.2
    University or other Tertiary Institutions 106 16.5
    Others 23 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2586 76.4
    Semi-detached, row or terrace house, townhouse 510 15.1
    Flat, unit or apartment 290 8.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 653 41.2
    Fully owned 510 32.2
    Being purchased 415 26.2
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
Chart Table