Suburb Profile Report for West Lamington WA (6430)

West Lamington House: Median price $273,750, Annual capital growth -2.61%, Number of sales 10, Weekly median advertised rent $390

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Property investors who have had real estate in West Lamington, 6430 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.69%

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

Using the current median advertised rental of $390 and the average annual increase in value of a median property of -2.61%, investors should hope to achieve an overall return of 7.41%

Metrics	HOUSE	UNIT
Median price	$273,750	N/A
Quarterly growth	-21.79%	N/A
12-month growth	-11.69%	N/A
Average Annual Growth	-2.61%	N/A
Weekly median advertised rent	$390	N/A
Number of sales	10	N/A
Gross rental yield	7.41%	N/A
Days on market	N/A	N/A

Your estimated repayment
$1,059.14/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Balanced (H), Balanced (U)

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Demographics

Total population	1422
Median household income ($/weekly)	2292
Median age of persons	29
Median housing loan repayment ($/monthly)	2167
Average household size	2.7

Census	Count	Percent(%)
0-4 years	143	10.1
5-14 years	215	15.1
25-34 years	305	21.4
35-44 years	213	15.0
45-54 years	175	12.3
Others	371	26.1

Age Group

Census	Count	Percent(%)
Registered Married	446	48.4
Not Married	310	33.7
Defacto Relationship	165	17.9

Social Marital Status

Census	Count	Percent(%)
Australia	982	76.2
Papua New Guinea	113	8.8
South Africa	33	2.6
United Kingdom	52	4.0
Other	44	3.4
Others	65	5.0

Country of Birth

Census	Count	Percent(%)
Buddhism	9	0.7
Christianity	868	69.8
Hinduism	5	0.4
Islam	7	0.6
No Religion	351	28.2
Others	4	0.3

Religious Affiliation

Census	Count	Percent(%)
$1,500-$1,999	54	13.0
$2,000-$2,499	34	8.2
$2,500-$2,999	84	20.2
$3,000-$3,499	52	12.5
$4,000 or more	31	7.5
Others	160	38.6

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	573	59.1
Not in the labour force	206	21.2
Employed, worked part-time	131	13.5
Employed, away from work	39	4.0
Unemployed, looking for work	21	2.2

Person Characteristics

Census	Count	Percent(%)
Professionals	112	15.1
Technicians & trades workers	184	24.8
Clerical & administrative workers	97	13.1
Machinery operators & drivers	102	13.7
Labourers	66	8.9
Others	181	24.4

Occupation

Census	Count	Percent(%)
Pre-school	30	10.7
Infants/Primary	146	52.0
Secondary	64	22.8
Technical or Further Educational Institution	10	3.6
University or other Tertiary Institutions	28	10.0
Others	3	1.1

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	1178	92.2
Semi-detached, row or terrace house, townhouse	54	4.2
Flat, unit or apartment	46	3.6
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0