At Smartline Rockingham, our mortgage brokers have helped a lot of people obtain financing for homes in Kwinana. We are doing a series of blog posts on various suburbs in the Rockingham area. Here are some facts about Kwinana and its housing market.
Kwinana Housing Market Statistics
In the twelve months to April 2015, the median price for a house in Kwinana was $375,000. This is $175,000 less than the $550,000 median price for the Perth metro market. Long term growth is 7.5%. The average time on the market for a home in Kwinana was 75 days.
The average price for a unit was $210,000 and it spent 110 days on the market. The long term growth is 4.6%.
According to the 2011 Census, the population was 29,227. There were an average of 2.6 people per household with a median age of 32 years.
Why We Like Kwinana
Kwinana is a suburb that has a lot going for it. It has a lot of young families. It also has plenty to do, with three beaches. The Kwinana Freeway provides direct access to the Perth CBD. Houses are much less expensive there than in other suburbs. Kwinana was once part of Rockingham but became the Shire of Kwinana in 1961.
Kwinana provides access to beaches and to the Perth CBD, but also to its own infrastructure and the infrastructure of Rockingham. You will find ample shopping, schools, medical facilities, restaurants, pubs and parks within easy driving distance.
Obviously, Kwinana is not a place where units are a great investment but we think its home market is poised for long term capital growth.
Call Smartline Rockingham Today
We have been in the Rockingham and Kwinana area since 1999. We are experts in helping you find home loans that are perfect for your situation. We have access to 28 different lenders, offering a combined total of more than 300 credit products.
To learn more or for a free consult, call us today: (08) 9527 1800.