Suburb Profile Report for Highgate WA (6003)

Highgate House: Median price $822,500, Annual capital growth 4.60%, Number of sales 22, Weekly median advertised rent $495

Highgate Unit: Median price $415,000, Annual capital growth 3.86%, Number of sales 41, Weekly median advertised rent $377

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Highgate is in the bottom 10% in WA when comparing median price capital growth over the last year. Highgate gave property investors a dismal capital gain figure when compared to the rest of the state, with -14.99%.

If we look at median property appreciation over just the last three months, Highgate has given property investors a paper return of 2.56%. This puts Suburb as 55 on a list of fastest fasting appreciating suburbs in WA

Our latest figures would indicate that property sellers in Highgate are currently offering property investors an average price cut of -8.19% below the asking price at the moment.

Residents and property investors in Highgate have been waiting around 78.12 days to sell a property.

Using the current median advertised rental of $495 and the average annual increase in value of a median property of 4.60%, investors should hope to achieve an overall return of 3.13%

At number 1539th in the list of Australian suburbs ordered by increase in median house value over the last year, Highgate, 6003 is in the BOTTOM 20% with a property value increase of -8.29% recorded in median house prices.

While Highgate,6003 ranked number 38th in WA for increase in median house value (annualised) increase, it is ranked 64th over the last 5 years.

Vendor discounting in Highgate is giving property investors an average Vendor Discount of around -6.80%. This puts suburb at number 76th in WA when ranking the most discounted suburbs.

Residents and property investors in Highgate have been waiting around 80.89 days to sell a property.

Situated 1.83km from the CBD, Highgate is one of Vincent localities in the postcode 6003.

Garry Bishop Information supplied by:

Garry Bishop
Homestead Realty

M 92276488
O 0414825855

W www.homesteadrealty.com.au
E garry@homesteadrealty.com.au
Highgate is one of the smallest suburbs in Perth. An eclectic mix of character Homes and Apartments.

If you compare the increase in value of investment property in HIGHGATE, 6003 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 7.48%.

Across a shorter period, HIGHGATE, 6003 has seen a median price increase of 8.22% over the last quarter.

Property investors looking for a bargain in HIGHGATE should be aiming for at least -6.00% off the asking price, which is the average vendor discount being achieved at the moment.Full summary
Highgate is one of the smallest suburbs in Perth. An eclectic mix of character Homes and Apartments.   
 
If you compare the increase in value of investment property in HIGHGATE, 6003 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 7.48%.
 
Across a shorter period, HIGHGATE, 6003 has seen a median price increase of 8.22% over the last quarter.
 
Property investors looking for a bargain in HIGHGATE should be aiming for at least -6.00% off the asking price, which is the average vendor discount being achieved at the moment.
 
Selling points: Proximity to the vibrant Beaufort Street precinct, Hyde Park, Northbridge and CBD. 
 
Most sought-after properties:  Character homes in Mary, Chatsworth and Harley Streets – Mary Street has city views. 
 
Most common properties: Character cottages and Apartments.
 
Top amenities:  Cafes, Restaurants Bars of Beaufort Street, Hyde Park, proximity to the CBD.
 
Local industry and business:  Restaurants, Cafes and Bar’s, shopping Retail
 
Recent changes:  Rejuvenation of large sites into Apartments.
 
Best streets:  Mary, Chatsworth, Harley, St Albans, Glendower Street.
 
Public transport: Train and Bus 
 
Main arteries: William and Beaufort Street  
Close
HOUSE UNIT
$822,500 $415,000
2.56% 0.00%
-14.99% -8.29%
4.60% 3.86%
$495 $377
22 41
3.13% 4.72%
78.12 80.89

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Highgate WA
Demographics
Total population 1941
Median household income ($/weekly) 1266
Median age of persons 33
Median housing loan repayment ($/monthly) 2125
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 199 10.3
    25-34 years 608 31.3
    35-44 years 302 15.6
    45-54 years 227 11.7
    55-64 years 207 10.7
    Others 398 20.5
    Age Group
    Census Count Percent(%)
    Not Married 823 54.5
    Registered Married 408 27.0
    Defacto Relationship 280 18.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 893 50.9
    Papua New Guinea 49 2.8
    United Kingdom 140 8.0
    Viet Nam 69 3.9
    Other 186 10.6
    Others 417 23.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 120 7.1
    Christianity 789 46.8
    Hinduism 32 1.9
    Islam 38 2.3
    No Religion 676 40.1
    Others 30 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 66 8.1
    $400-$599 73 9.0
    $1,000-$1,249 67 8.3
    $1,500-$1,999 97 12.0
    $2,500-$2,999 91 11.2
    Others 417 51.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 765 48.0
    Not in the labour force 411 25.8
    Employed, worked part-time 287 18.0
    Unemployed, looking for work 71 4.5
    Employed, away from work 61 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 148 13.3
    Professionals 396 35.5
    Technicians & trades workers 117 10.5
    Community & personal service workers 109 9.8
    Clerical & administrative workers 138 12.4
    Others 206 18.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 64 16.1
    Secondary 43 10.8
    Technical or Further Educational Institution 92 23.1
    University or other Tertiary Institutions 153 38.4
    Other type of educational institution 37 9.3
    Others 9 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 709 41.6
    Separate house 551 32.4
    Semi-detached, row or terrace house, townhouse 440 25.8
    House or flat attached to a shop, office 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 553 63.6
    Being purchased 177 20.3
    Fully owned 140 16.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals