Wickham WA Property Investment

CAUTION — 8.1% gross yield on a $360,000 (pending peer validation) median.

Median house price in Wickham sits at $360,000 (pending peer validation) with 45 days on market and a 3.0% vacancy rate. This is a tenant-favourable market right now.

• Median house: $360,000 (pending peer validation) | Units: $0
• Gross yield: 8.1% | Net yield: 6.6%
• 5yr price CAGR: -8.5%/yr | 3yr forecast: 13.5%/yr
• Population: 2,022 | Owner-occupier rate: 14% | Affluence: High

• Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline

• Vacancy: 3.0% (stable) | Rental demand: Moderate
• Median weekly rent: $563/wk | Days on market: 45 (stable)
• Tenant market — vacancy elevated, negotiate hard on rent.

• Median nightly rate: $923/night | Occupancy: 37%
• Estimated annual STR gross: ~$124,628/yr
• vs long-term rent: $29,276/yr (+326% STR premium — factor in higher management costs)

• No major confirmed infrastructure projects on record.
• Transport: Standard suburban transport access

If Wickham maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $414,000 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Wickham pull back 10-15% from $360,000, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.

• Distance from CBD may limit long-term capital growth potential

• Badgingarra (WA): $450,000 median, 2.3% yield, 14.0% 1yr growth
• Useless Loop (WA): $322,000 median, 3.5% yield, 0.0% 1yr growth
• Wongan Hills (WA): $355,000 median, 4.1% yield, 32.0% 1yr growth

Wickham carries elevated risk that outweighs potential returns at current levels. A stable market combined with moderate vacancy risk warrants caution. Avoid new acquisitions unless significant discount to median pricing is achievable. Re-evaluate if vacancy falls below 2.5% or annual price growth exceeds 3%.

• Entry range: $324,000 – $396,000
• Minimum gross yield to target: 8.4%
• Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.