Suburb Profile Report for Rangeway WA (6530)

Rangeway House: Median price $93,250, Annual capital growth -6.34%, Number of sales 32, Weekly median advertised rent $200

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

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

  • House Report

Investment property in Rangeway has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.98%

Rangeway,6530 has offered an average of 2.98% return per annum in house price rises to property investors over the last three years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.57% offered to property buyers. Sellers in Rangeway itself are offering an average vendor discount of -16.66% to real estate investors.

At number 1883 in a list of fastest selling suburbs, Rangeway is just in the bottom half of suburbs in Australia with an average of days on market 75.44 for properties listed there.

A $200 per week rent on the median house gives suburb investors a gross yield of circa 11.15%, without taking into account capital value appreciation, which has been averaging out at -6.34%.

Metrics i HOUSE UNIT
$93,250 N/A
1.91% N/A
2.98% N/A
-6.34% N/A
$200 N/A
32 N/A
11.15% N/A
75.44 N/A

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2260
Median household income ($/weekly) 807
Median age of persons 29
Median housing loan repayment ($/monthly) 1103
Average household size 2.6
  • Census Count Percent(%)
    0-4 years 232 10.3
    5-14 years 385 17.0
    25-34 years 306 13.5
    35-44 years 266 11.8
    45-54 years 292 12.9
    Others 779 34.5
    Age Group
    Census Count Percent(%)
    Not Married 756 54.0
    Registered Married 413 29.5
    Defacto Relationship 232 16.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1806 90.3
    Papua New Guinea 44 2.2
    Philippines 15 0.8
    United Kingdom 86 4.3
    Other 11 0.6
    Others 38 1.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1230 66.8
    No Religion 565 30.7
    Islam 23 1.2
    Other Religious Groups 12 0.7
    Buddhism 11 0.6
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 59 9.2
    $400-$599 106 16.5
    $600-$799 87 13.5
    $800-$999 69 10.7
    $1,000-$1,249 64 10.0
    Others 258 40.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 639 43.3
    Employed, worked full-time 443 30.0
    Employed, worked part-time 223 15.1
    Unemployed, looking for work 103 7.0
    Employed, away from work 69 4.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 122 16.5
    Community & personal service workers 94 12.7
    Sales 97 13.1
    Machinery operators & drivers 102 13.8
    Labourers 149 20.1
    Others 177 23.9
    Occupation
    Census Count Percent(%)
    Pre-school 41 9.4
    Infants/Primary 218 50.2
    Secondary 116 26.7
    Technical or Further Educational Institution 43 9.9
    University or other Tertiary Institutions 10 2.3
    Others 6 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1831 92.5
    Flat, unit or apartment 121 6.1
    Semi-detached, row or terrace house, townhouse 28 1.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 318 42.8
    Being purchased 241 32.4
    Fully owned 181 24.4
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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