Suburb Profile Report for Highgate WA (6003)

Highgate House: Median price $822,500, Annual capital growth 5.79%, Number of sales 26, Weekly median advertised rent $495

Highgate Unit: Median price $419,000, Annual capital growth 3.98%, Number of sales 41, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Highgate has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -14.99%

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Highgate itself are offering an average vendor discount of -7.77% to real estate investors.

Residents and property investors in Highgate have been waiting around 88.05 days to sell a property.

The WA suburb of Highgate, 6003 is in the Vincent local government area.

Giving property investors a a poor capital gain of -8.91% for the last year, Highgate, 6003 is the 1536th highest performer in Australia in this respect.

Highgate,6003 has offered an average of -8.91% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Highgate is offering property investors an average of -8.20. This rate of discount on properties puts Suburb at number 69th in terms of most discounted suburbs in WA

Renters in Suburb are facing rents around $4260 per annum or $355 every week.

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 $419,000
1.54% 0.96%
-14.99% -8.91%
5.79% 3.98%
$495 $355
26 41
3.13% 4.41%
88.05 83.08

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