Suburb Profile Report for West Lamington WA (6430)

West Lamington House: Median price $285,000, Annual capital growth -2.10%, Number of sales 16, Weekly median advertised rent $400

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

Investment property in West Lamington has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -12.31%

When looking at the potential capital gains offered to property investors over the last 3 years, West Lamington comes in at number 426th in WA.

The most recent median price for West Lamington is $285000, with sellers offering an average of -4.17% off the asking price.

In the last year 16 properties changed hands in West Lamington, which puts it as the 419th most active market in WA when comparing the number of sales per suburb.

West Lamington, 6430’s gross rental yield is 7.30%

Metrics	HOUSE	UNIT
Median price	$285,000	N/A
Quarterly growth	-13.64%	N/A
12-month growth	-12.31%	N/A
Average Annual Growth	-2.10%	N/A
Weekly median advertised rent	$400	N/A
Number of sales	16	N/A
Gross rental yield	7.30%	N/A
Days on market	74.1428571428572	N/A

DSR Score for property investment : Good (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