Suburb Profile Report for Withers WA (6230)

Withers House: Median price $225,000, Annual capital growth -0.93%, Number of sales 40, Weekly median advertised rent $280

Withers Unit: Median price $92,500, Annual capital growth -19.17%, Number of sales 34, Weekly median advertised rent $210

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

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of 7.14% for the last 12 months, Withers, 6230 has performed for property investments than its average annual -0.93% property growth over the last 5 years.

Comparing Withers,6230 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

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 Withers, 6230. Typically our figures indicate that -6.74% is being offered, which puts this WA suburb at 316th most discounted overall in Australia.

Renters in Suburb are facing rents around $14560 per annum or $280 every week.

While Withers,6230 ranked number 116th in WA for increase in median house value (annualised) increase, it is ranked 110th over the last 5 years.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.97% offered to property buyers. Sellers in Withers itself are offering an average vendor discount of -11.99% to real estate investors.

In the last year 34 properties changed hands in Withers, which puts it as the 58th most active market in WA when comparing the number of sales per suburb.

A $210 per week rent on the median house gives suburb investors a gross yield of circa 11.81%, without taking into account capital value appreciation, which has been averaging out at -19.17%.

Metrics i HOUSE UNIT
$225,000 $92,500
5.14% -7.50%
7.14% N/A
-0.93% -19.17%
$280 $210
40 34
6.47% 11.81%
92.78125 111.181818181818

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 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)
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Demographics
Total population 3111
Median household income ($/weekly) 783
Median age of persons 35
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 406 13.0
    25-34 years 465 14.9
    35-44 years 411 13.2
    45-54 years 358 11.5
    55-64 years 392 12.6
    Others 1080 34.7
    Age Group
    Census Count Percent(%)
    Not Married 1176 54.6
    Registered Married 726 33.7
    Defacto Relationship 253 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2202 79.4
    Papua New Guinea 77 2.8
    Philippines 31 1.1
    United Kingdom 228 8.2
    Other 64 2.3
    Others 170 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 1.2
    Christianity 1602 62.4
    Islam 30 1.2
    Other Religious Groups 19 0.7
    No Religion 874 34.1
    Others 10 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 136 12.3
    $400-$599 175 15.8
    $600-$799 146 13.2
    $1,000-$1,249 107 9.7
    $1,500-$1,999 122 11.0
    Others 422 38.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 942 42.1
    Employed, worked full-time 693 31.0
    Employed, worked part-time 385 17.2
    Unemployed, looking for work 123 5.5
    Employed, away from work 94 4.2
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 225 19.1
    Community & personal service workers 120 10.2
    Sales 115 9.8
    Machinery operators & drivers 153 13.0
    Labourers 242 20.6
    Others 320 27.2
    Occupation
    Census Count Percent(%)
    Pre-school 44 7.9
    Infants/Primary 242 43.5
    Secondary 128 23.0
    Technical or Further Educational Institution 84 15.1
    University or other Tertiary Institutions 43 7.7
    Others 15 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2307 82.9
    Semi-detached, row or terrace house, townhouse 382 13.7
    Flat, unit or apartment 94 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 591 49.1
    Being purchased 387 32.1
    Fully owned 223 18.5
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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