Cockburn Central vs SpearwoodTwo Perth suburbs compared for a home loan
Cockburn Central (WA 6164) is approximately 24 km south of the Perth CBD, on the Kwinana Freeway and the Mandurah line. Spearwood (WA 6163) is approximately 19 km south-west of the Perth CBD, south of Fremantle and inland from Coogee. At the 2021 Census, Cockburn Central had 1,521 residents with a median age of 31, and Spearwood had 10,944 residents with a median age of 41.
The most common occupied dwelling was flats and apartments in Cockburn Central and separate houses in Spearwood. Flats and apartments made up 73% of occupied dwellings in Cockburn Central and 5% in Spearwood, while 63% of Cockburn Central households rented compared with 29% in Spearwood. These differences matter for finance, because lenders assess apartments, strata buildings and houses on land differently.
Both suburbs are in the same state, so transfer duty is calculated on the same scale and the difference in upfront cost comes from the purchase price. The panel below applies that scale, and an estimate of lenders mortgage insurance, to the prices you enter.
WA 6164 · Southern suburbs of Perth
Cockburn Central
Cockburn Central is a transit-oriented suburb created in 2007 around its station, where 73.0 per cent of homes are apartments and 63.3 per cent of households rent.
City of Cockburn. Approximately 24 km south of the Perth CBD, on the Kwinana Freeway and the Mandurah line.
Read the full Cockburn Central guideWA 6163 · South-west metropolitan Perth
Spearwood
Spearwood is an established City of Cockburn suburb of older houses and infill townhouses around the Phoenix Shopping Centre, with no train station.
City of Cockburn. Approximately 19 km south-west of the Perth CBD, south of Fremantle and inland from Coogee.
Read the full Spearwood guide
What buying in Cockburn Central and Spearwood would mean for the loan
The difference between two suburbs is usually a difference in price, and price drives the deposit, the transfer duty, any lenders mortgage insurance and the repayment. Enter the prices you are seeing and the panel works out each of those for Cockburn Central and Spearwood.
Your prices and deposit
Enter the price you are seeing in each suburb. BorrowWise does not quote prices, so the comparison uses yours.
Enter a price for Cockburn Central to see the repayment, transfer duty and upfront cash.
Enter a price for Spearwood to see the repayment, transfer duty and upfront cash.
Warning: The interest rate used here is an example only. It is not a comparison rate and is not a rate offered by any lender, and it does not include fees and charges. Different rates, terms, fees or loan amounts will give a different result.
Estimates only. Repayments assume a principal and interest loan at a constant rate, which is an assumption and not a current market rate. Transfer duty is indicative for established homes, first home buyer relief depends on eligibility, and upfront cash includes an allowance of $3,000 for conveyancing and inspections. Lenders mortgage insurance is an estimate and is added to the loan. A lender makes its own assessment.
Cockburn Central and Spearwood: Census profile compared
Figures are from the 2021 Census, so rents, repayments and incomes have moved since. They are most useful for comparing one suburb with another and with Australia as a whole.
| Measure | Cockburn Central | Spearwood |
|---|---|---|
| People and households | ||
| Residents | 1,521 | 10,944 |
| Median ageAustralia 38 | 31 | 41 |
| Average household sizeAustralia 2.5 | 1.9 | 2.3 |
| Median household income, weeklyAustralia $1,746 | $1,626 | $1,448 |
| Housing costs at the 2021 Census | ||
| Median rent, weeklyAustralia $375 | $355 | $350 |
| Median mortgage repayment, monthlyAustralia $1,863 | $1,517 | $1,733 |
| Who owns and who rents | ||
| Households rentingAustralia 31% | 63% | 29% |
| Owned with a mortgageAustralia 35% | 26% | 34% |
| Owned outrightAustralia 31% | 9% | 36% |
| Types of home | ||
| Separate housesAustralia 72% | 27% | 74% |
| Townhouses, terraces and semi-detachedAustralia 13% | 1% | 21% |
| Flats and apartmentsAustralia 14% | 73% | 5% |
| Homes with two bedrooms or fewer | 71% | 18% |
| Homes with four bedrooms or more | 18% | 33% |
| Dwellings unoccupied on Census night | 13% | 9% |
Source: Australian Bureau of Statistics, 2021 Census (CC BY 4.0). Tenure shares exclude households that did not state their tenure. Dwelling shares are of occupied private dwellings.
Home loan considerations in Cockburn Central and Spearwood
Lenders treat houses on land, townhouses and apartments differently, and some apply extra conditions to small apartments, high-density buildings or particular postcodes. These are the points each guide raises.
Cockburn Central
- Investors
- First home buyers
- Single-development exposure limits bind readily in a suburb of only 745 occupied dwellings.
- One and two bedroom dwellings can fall below lenders' minimum internal floor areas.
- Strata levies are counted in serviceability assessments and reduce borrowing power.
- Renting at 63.3 per cent means most purchases are assessed as investment lending.
- An older industrial area sits alongside the residential town centre.
Spearwood
- Downsizers
- First home buyers
- Upgraders
- Investors
- Original, renovated and newly built homes often share a street, so comparable sales vary widely and a valuation below the contract price is possible.
- Older houses may draw valuer comments about condition, asbestos-containing materials or unapproved additions, and lenders can ask for further reports.
- Strata levies reduce assessed borrowing capacity, and very small units may fall below the minimum floor area that some lenders require.
- A standard home loan is assessed on the property as it stands; subdividing or building extra dwellings usually needs a staged construction facility.
- Properties near the freight railway, Stock Road or designated bush fire prone land may attract valuer comment or higher insurance premiums.
- Western Australian contracts have no mandatory cooling-off period, so finance and inspection conditions need to be written into the offer.
Housing stock in Cockburn Central and Spearwood compared
Cockburn Central
- High-rise apartments
- The 544 flats counted at the 2021 Census, 73.0 per cent of occupied homes.
- One and two bedroom dwellings
- At the 2021 Census, 379 dwellings had two bedrooms and 149 had one.
- Detached houses
- Separate houses numbered 200 at the 2021 Census, only 26.8 per cent of occupied homes.
Spearwood
- Older single-storey houses
- Houses from the 1970s and 1980s on comparatively large lots; three-bedroom dwellings numbered 2,132 at the 2021 Census.
- Infill villas and townhouses
- Semi-detached, terrace and townhouse dwellings made up 936 of the occupied homes counted at the 2021 Census, most in small strata groups.
- Newer houses on compact lots
- Estates developed since the 2000s, including land around the former Watsonia factory, with small lots and greater site coverage.
- Flats and small apartment buildings
- The 2021 Census counted 243 flats or apartments, a modest share concentrated in the higher-coded streets near the centre.
Official sale price and rent figures for Cockburn Central and Spearwood
Only figures published free of charge by a government agency are shown. Where none is published the space is left empty rather than filled with an estimate. Each guide charts the full series.
Cockburn Central
No government agency publishes a free median sale price or rent series for Cockburn Central, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Spearwood
No government agency publishes a free median sale price or rent series for Spearwood, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Transport, schools and amenities in Cockburn Central and Spearwood
Cockburn Central
Transport
- Cockburn Central Station (train)
- Transperth buses (bus)
- Kwinana Freeway (road)
- Armadale Road (road)
Amenities
- Cockburn ARC
- Cockburn Gateway shopping centre
- Cockburn Central town square
Spearwood
Transport
- Fremantle Station (Fremantle) (train)
- Cockburn Central Station (Cockburn Central) (train)
- Route 512 (bus)
- Routes 548 and 549 (bus)
- Route 114 (bus)
- Stock Road and Rockingham Road (road)
Schools and campuses
- Spearwood Primary School (primary, government)
- Newton Primary School (primary, government)
- Spearwood Alternative School (primary, government)
- Fremantle College (Beaconsfield) (secondary, government)
Amenities
- Phoenix Shopping Centre
- City of Cockburn Administration Centre
- Spearwood Library
- Cockburn Seniors Centre
- Market Garden Swamp
- Manning Park (Hamilton Hill)
School listings show name, level and sector only. Enrolment areas change, so confirm eligibility for a specific address with the school or the Western Australia education department.
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