Girrawheen

POSTAL CODE: WA, 6064

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 72% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $688,000

The augmented property values in the suburb are trailing above the territorial average of 13.59% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $645.

Home owners selling their properties and realtors in GIRRAWHEEN usually have to wait an average of 27.1 days days before their assets are lifted off the market.

The WA suburb ranks 107th on the list of best yielding suburbs for rental properties in WA, posting a 4.88% return.

It also places places 287th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 28.74% over the last 12 months in GIRRAWHEEN, translating to lower returns compared with its peers in WA.

A survey of average capital gains or median home price increase in suburbs across the country shows that GIRRAWHEEN, 6064 obtained a 11.25% growth over a ten-year period. It ranks 1632nd on our list of suburbs that property investors should look into.

GIRRAWHEEN, 6064 has a capital gain of 28.74% for the past year, which is higher than average compared to its 142.16% growth within a five-year period.

With the median home price in GIRRAWHEEN sitting at $560,000, and the average rent at $640, property owners could potentially earn a 5.94% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in GIRRAWHEEN are low, as opposed to average gains per annum over the past five years.

GIRRAWHEEN, 6064 in WA belongs to the local government area of Wanneroo.

Surburb overview

Girrawheen is a suburb in the City of Wanneroo, approximately 12 kilometres north of Perth's central business district. Its name derives from an Eastern States Aboriginal term meaning "place of flowers."

According to the 2021 Census, Girrawheen has a population of 8,897, with a median age of 36. The suburb is culturally diverse, with a significant proportion of residents born overseas, including communities from Vietnam, Myanmar, and the Philippines. Approximately 4.4% of the population identifies as Aboriginal and Torres Strait Islander.

As of November 2024, the median house price in Girrawheen is $580,000, reflecting a 32.8% growth over the past year. The median weekly rent is $577, indicating a 15.4% increase in the same period.

Girrawheen is part of the Swan Educational District and hosts several educational institutions. For those searching for secondary education, there are primary schools such as Hudson Park Primary School, Roseworth Primary School, Emmanuel Christian Community School (K-12), and Girrawheen Senior High School. These schools have been prioritised for Commonwealth and State funding and offer specialist literacy support services to cater to the suburb's diverse student population.

Girrawheen offers various amenities, including Summerfield Shopping Centre and Newpark Shopping Centre. The suburb features several parks and recreational facilities, providing residents with spaces for outdoor activities and community events.

Transperth bus services facilitate public transportation in Girrawheen, connecting residents to Perth's CBD and nearby Warwick Train Station. Major roads such as Beach Road and Marangaroo Drive enhance accessibility to surrounding areas.

Girrawheen combines suburban living with convenient access to essential amenities, educational institutions, and recreational opportunities, making it a diverse and evolving suburb within the Perth metropolitan area.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$688,000	$560,000
Growth Report
Median Quarterly	3.46%	5.66%
Median 12 month	15.63%	28.74%
Median 3 years	72%	89.83%
Median 5 years	129.33%	142.16%
10 years average annual	6.36%	11.25%
Weekly media advert. rent	$645	$640
Time on Market	27.1 days	13.5 days
Gross Rental Yield Percent	4.88%	5.94%

Demographics (Median Values)*

Total Population 31325

Weekly Household Income 1296

Household Size 2.90

Average Age 35

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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