The mortgage brokers at Smartline Rockingham would like to give a property update on Baldivis. Baldivis is one of the suburbs in our area and became a “hot suburb” for the Perth property market a couple of years ago. We will be updating a few of our most popular suburbs in this and future months. Here are the consensus numbers for Baldivis, as updated as we can get them as of this writing.
Baldivis Property Figures as of 31 May 2015
The median price for a house in Baldivis is $460,000, which is $90,000 less than the Perth metro median of $550,000. The price actually decreased by 2.13% in the last year. However, it grew 26.03% in five years and its current average annual growth is listed at 17.26%. Baldivis had 521 sales for the twelve month period and houses were on the market an average of 84.52 days. Weekly rents are $440 for a gross yield of 4.97%.
The median price for a unit is $360,000. This went down by 13.25% over the twelve-month period and only rose 2.86% over three years. It has an average annual growth of 0.6%. Only 10 units were sold in the last twelve months. The average rent for a unit is $378 per week for a gross rental yield of 5.45%. There is no data for how long units stay on the market.
According to the 2011 Census, 15,883 people live in Baldivis with a median weekly household income of $1,931. The average house loan repayment is $2,383 per month. The average age is only 29 with an average household size of three.
What it Means to You
Baldivis became a “hot suburb” due to a lot of families moving there. As you can see, units are nearly non-existent. It is a great place to raise a family because the demographics are driven mainly by the influx of young families.
To learn more or to talk to a mortgage broker about a loan for a home in the Baldivis area, call Smartline Rockingham today: (08) 9527 1800.