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AREA REPORTS

Coolbellup

Suburb Profile

Coolbellup - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6163

house
unit

COOLBELLUP, 6163 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 $416,250.

Profits due to an downward trend in home prices in the suburb averaged -4.73% per annum over a 3-year period.

COOLBELLUP now ranks at the 221st place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $350 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In COOLBELLUP, homes and units usually stay on listing for an average of 69.0 days.

In 2016, 79 properties were sold in COOLBELLUP during the past year, making it the 42nd most active market in WA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $416,250 $270,000
GROWTH REPORT
Median Quarterly -0.89% -3.57%
Median 12 month -2.63% -6.41%
Median 3 years -14.18% N/A
Median 5 years -21.54% -24.79%
10 years average annual 1.61% 0.26%
Weekly media advert. rent $350 $300
Time on Market 69.0 days 97.5 days
Gross Rental Yield Percent 4.37% 5.78%
demographics (median values)
Total Population
4749
Weekly Household Income
737.4
Household Size
2.20
demographics
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