Get a property report and suburb profile for any property in Wellard

Wellard is a southern Perth suburb anchored on a village-style town centre and the Wellard railway station on the Mandurah line, making it popular with commuters. It has a recent residential feel, with mostly modern detached homes on modest blocks and pockets of newer estates. The community has a median age of 31 and is weighted towards couple families with children, and a high rate of owner-occupation means first-home buyers and families are common residents.

Everyday life centres on small shops and cafes, primary schools, sports grounds and pocket parks, with road access, walking paths, green reserves and reliable public transport. Near the station there are plans for medium-density apartments, a proposed childcare centre and funded affordable and social homes, and local works include the John Wellard Community Centre, Village Green pavilion extensions and upgrades at the Thomas Oval/Kelly Park sporting precinct. Whether Wellard suits you depends on the kind of suburb you want.

Buying a house in Wellard sits well above local incomes recorded at the most recent Census. A median house price of $863,000 is about 7.8 times a typical local household's annual income at the last Census (weekly income $2,115 × 52). Renting looks less stretched: a house at $680 a week would take roughly 32% of that weekly household income, and a unit at $635 a week would take about 30%. On these figures, renting takes a sizeable share of a typical local household's income at the last Census, while buying sits well above what households there earned at that time.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Unit values in Wellard jumped 28.9% over the past year, the largest movement in the data. Unit rents also rose strongly, up 21.4%, so on the units side both capital value and rental income increased noticeably over the year.

House values rose a solid 16.0% while house rents increased a more modest 4.6%, meaning capital growth outpaced rental income for houses over the same period. Which of those outcomes matters to you will depend on whether your priority is capital growth or rental income and on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.