Suburb Profile Report for Binningup WA (6233)

Binningup House: Median price $407,000, Annual capital growth 1.08%, Number of sales 25, Weekly median advertised rent $335

  • 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

If you compare the increase in value of investment property in Binningup, 6233 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -3.67%.

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

Binningup, 6233 is offering WA ‘s 293th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this WA.

In the last year 25 properties changed hands in Binningup, which puts it as the 337th most active market in WA when comparing the number of sales per suburb.

With the median price for a house in Binningup being $407000 and the advertised rent reaching $335 the gross rental yield for property investors calculates out to be 4.28%

Metrics i HOUSE UNIT
$407,000 N/A
-3.67% N/A
-3.67% N/A
1.08% N/A
$335 N/A
25 N/A
4.28% N/A
117.473684210526 N/A

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 : Below average (H), Balanced (U)
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Demographics
Total population 1010
Median household income ($/weekly) 1562
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 154 15.2
    25-34 years 129 12.8
    35-44 years 152 15.0
    45-54 years 155 15.3
    55-64 years 143 14.2
    Others 277 27.4
    Age Group
    Census Count Percent(%)
    Registered Married 351 56.3
    Not Married 170 27.2
    Defacto Relationship 103 16.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 737 84.0
    Greece 6 0.7
    Papua New Guinea 28 3.2
    United Kingdom 70 8.0
    Other 15 1.7
    Others 21 2.4
    Country of Birth
    Census Count Percent(%)
    Christianity 538 63.4
    No Religion 296 34.9
    Buddhism 12 1.4
    Other Religious Groups 3 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 27 9.1
    $800-$999 31 10.4
    $1,500-$1,999 43 14.5
    $2,000-$2,499 28 9.4
    $2,500-$2,999 40 13.5
    Others 128 43.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 272 40.1
    Not in the labour force 238 35.1
    Employed, worked part-time 121 17.8
    Employed, away from work 30 4.4
    Unemployed, looking for work 17 2.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 61 14.2
    Technicians & trades workers 86 20.0
    Clerical & administrative workers 45 10.5
    Machinery operators & drivers 48 11.2
    Labourers 76 17.7
    Others 113 26.3
    Occupation
    Census Count Percent(%)
    Pre-school 19 9.2
    Infants/Primary 96 46.6
    Secondary 52 25.2
    Technical or Further Educational Institution 18 8.7
    University or other Tertiary Institutions 16 7.8
    Others 5 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 826 99.6
    Semi-detached, row or terrace house, townhouse 3 0.4
    Flat, unit or apartment 0 0.0
    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 113 34.2
    Fully owned 111 33.6
    Rented 103 31.2
    Other tenure type 3 0.9
    Tenure Type
Census 2011, ABS
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