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West Lamington
AREA REPORTS

West Lamington

West Lamington - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6430

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WEST LAMINGTON, 6430 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 $305,000.

Profits due to an downward trend in home prices in the suburb averaged -1.81% per annum over a 3-year period.

WEST LAMINGTON now ranks at the 90th 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 WEST LAMINGTON 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 $425 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 WEST LAMINGTON, homes and units usually stay on listing for an average of 39.9 days.

In 2016, 21 properties were sold in WEST LAMINGTON during the past year, making it the 301st most active market in WA based on total real estate transactions.

Data report can be found below

West Lamington
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $305,000 N/A
GROWTH REPORT
Median Quarterly 7.02% N/A
Median 12 month -4.69% N/A
Median 3 years -5.43% N/A
Median 5 years -10.95% N/A
10 years average annual -2.41% N/A
Weekly media advert. rent $425 N/A
Time on Market 39.9 days N/A
Gross Rental Yield Percent 7.25% N/A
demographics (median values)*
Total Population
22746
Weekly Household Income
2186
Household Size
2.70
Age
32
Monthly Loan Repayment
1950
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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