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Homeowners and real estate investors betting on HOCKING, 6065 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 11.61%.
A steady increase in median property prices over a five-year period in the suburb translates to a 50.43% capital gain.
Property investors in HOCKING enjoyed capital gains of 11.61% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb 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 $865,000.
Profits due to an upward trend in home prices there averaged 16.81% per annum over a 3-year period.
Home owners selling their properties and realtors in HOCKING usually have to wait an average of 20.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $700 mark, reflecting a 4.21% increase in returns based on the current median price in HOCKING.
HOCKING, 6065 places 212th in Australia based on median property value growth during the quarter.
Hocking is a suburb within the City of Wanneroo, approximately 23 kilometres north of Perth's central business district. It was named after Herbert Hocking, a local landowner and the first chairman of the Wanneroo Road Board, who served from 1903 to 1931.
As of the 2021 Census, Hocking has a population of 5,916 residents, with a median age of 33 years. The suburb predominantly consists of separate houses, with an average household size of 2.9 people.
As of November 2024, the median house price in Hocking is approximately $766,250, reflecting a 27.8% growth over the past year. The median weekly rent is around $650, indicating an 8.3% increase in the same period.
Hocking hosts several educational institutions. Hocking Primary School is a government primary school serving the local community, and St Elizabeth's Catholic Primary School is a Catholic primary school catering to area students.
The suburb offers various amenities, including the Wyatt Grove Shopping Centre, which caters to residents' retail and dining needs. Recreational facilities in Hocking include several parks, such as Gungurru Park and Chesterfield Park, providing spaces for outdoor activities and community events.
Hocking services transport bus routes connecting to Perth's CBD and surrounding areas. Major roads like Wanneroo Road enhance connectivity to neighbouring suburbs.
Hocking combines suburban living with convenient access to essential amenities, educational institutions, and recreational opportunities, making it a desirable suburb within the Perth metropolitan area.