Suburb Profile Report for Strathalbyn WA (6530)

Strathalbyn House: Median price $370,000, Annual capital growth -2.89%, Number of sales 18, Weekly median advertised rent $425

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

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

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  • House Report

WA has seen average median house prices change by -1.78% which means that Strathalbyn, 6530 has not done well for property investors by showing a capital gain of -8.42% over the last year

Strathalbyn,6530 was ranked 3646 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Strathalbyn should be aiming for at least -7.39% off the asking price, which is the average vendor discount being achieved at the moment.

A $425 per week rent on the median house gives suburb investors a gross yield of circa 5.97%, without taking into account capital value appreciation, which has been averaging out at -2.89%.

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Strathalbyn sits on the outskirts of Western Australia’s fourth largest city, Geraldton, and its port’s booming resource export industry has fuelled huge capital growth in the area.

Exports account for 96% of the port’s total trade, according to the Geraldton Port Authority, with overall trade each year being valued at over $1bn. It’s perhaps not surprising then that Strathalbyn is one of three Geraldton suburbs to make Western Australia’s top five.

Strathalbyn’s growth curve really begins to steepen in the early 2000s, and it’s no coincidence that this is also the when the commodity boom hit home and Geraldton’s port was upgraded. In 2003 $103m was spent deepening Geraldton’s harbour, and upgrading three of the port’s six berths.

A year later and Geraldton’s economic growth was being felt in Strathalbyn with gusto. Its median price rose by $22,904 during the September quarter of 2004 alone, according to Residex figures, and continued to rise by as much as $30,000 per quarter right up until the end of 2008.

The December 2008 quarter figure of $596,587 capped off a remarkable period of capital growth for Strathalbyn. The GFC however made a dent in the demand for iron ore, and by June 2010 Strathalbyn’s median had dropped by $57,850 to $538,737. Its September 2010 figure of $545,009 however brings hope of a comeback.

Only 4% of Strathalbyn’s occupied dwellings are rented, according to the 2006 Census, making the area more suited to renovation projects than buying and holding. First National Geraldton principal Andrew Short believes that it’s Strathalbyn’s large land blocks that brings in the owner-occupier crowd.

“The blocks out there are mainly larger 2,000 square metre blocks, so a lot of people like it for the lifestyle. There’s a bit more space and room for the kids to run free. There are some people who, from an investment point of view, don’t mind that sort of thing. But for most tenants, you’re looking for something that’s a bit easier to maintain,” says Short.

Metrics i HOUSE UNIT
$370,000 N/A
-2.63% N/A
-8.42% N/A
-2.89% N/A
$425 N/A
18 N/A
5.97% N/A
107.727272727273 N/A

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

DSR Score for property investment : Balanced (H), Balanced (U)
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Total population 1166
Median household income ($/weekly) 1877
Median age of persons 36
Median housing loan repayment ($/monthly) 1717
Average household size 3.4
  • Census Count Percent(%)
    5-14 years 270 23.1
    15-19 years 140 12.0
    35-44 years 238 20.4
    45-54 years 197 16.9
    55-64 years 102 8.7
    Others 220 18.9
    Age Group
    Census Count Percent(%)
    Registered Married 490 63.7
    Not Married 211 27.4
    Defacto Relationship 68 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1038 90.9
    Papua New Guinea 10 0.9
    South Africa 18 1.6
    United Kingdom 42 3.7
    Other 11 1.0
    Others 23 2.0
    Country of Birth
    Census Count Percent(%)
    Christianity 922 82.0
    No Religion 199 17.7
    Other Religious Groups 3 0.3
    Buddhism 0 0.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 28 10.1
    $1,500-$1,999 43 15.6
    $2,000-$2,499 38 13.8
    $2,500-$2,999 47 17.0
    $3,000-$3,499 27 9.8
    Others 93 33.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 383 46.5
    Employed, worked part-time 201 24.4
    Not in the labour force 178 21.6
    Employed, away from work 44 5.3
    Unemployed, looking for work 17 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 71 11.4
    Technicians & trades workers 160 25.6
    Community & personal service workers 60 9.6
    Clerical & administrative workers 101 16.2
    Sales 64 10.3
    Others 168 26.9
    Census Count Percent(%)
    Infants/Primary 172 44.9
    Secondary 149 38.9
    Technical or Further Educational Institution 27 7.0
    Pre-school 18 4.7
    University or other Tertiary Institutions 17 4.4
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1105 99.5
    Semi-detached, row or terrace house, townhouse 6 0.5
    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 213 62.8
    Fully owned 97 28.6
    Rented 29 8.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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