Suburb Profile Report for East Perth WA (6004)

East Perth House: Median price $1,176,500, Annual capital growth 3.27%, Number of sales 20, Weekly median advertised rent $650

East Perth Unit: Median price $465,000, Annual capital growth 1.45%, Number of sales 267, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3493th in the list of Australian suburbs ordered by increase in median house value over the last year, East Perth, 6004 is in the BOTTOM 20% with a property value increase of -4.15% recorded in median house prices.

Across a shorter period, East Perth, 6004 has seen a median price increase of 0.13% over the last quarter.

East Perth6004 is located in WA which offers an average discount of -8.22% to property investors. East Perth itself is showing figures that indicate -4.84% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $650 weekly from the median priced house in this suburb.

WA has seen average median house prices change by -4.86% which means that East Perth, 6004 has not done well for property investors by showing a capital gain of -7.00% over the last year

While East Perth,6004 ranked number 65th in WA for increase in median house value (annualised) increase, it is ranked 79th over the last 5 years.

Our latest figures would indicate that property sellers in East Perth are currently offering property investors an average price cut of -9.50% below the asking price at the moment.

In the last year 267 properties changed hands in East Perth, which puts it as the 1st most active market in WA when comparing the number of sales per suburb.

Advertised rents are around the $420 mark per week – giving a return of 4.70% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
July 2015

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Sitting pretty by the Swan River, East Perth is a picturesque inner city suburb located just 2km from the Perth CBD.Full summary

Sitting pretty by the Swan River, East Perth is a picturesque inner city suburb located just 2km from the Perth CBD.

A fast-growing suburb dominated by units and apartments, it is also known as a mecca for young and rich professionals who enjoy the convenience of being close to the city.

The Claisebrook Cove area is a major attraction in the suburb, thanks to its excellent recreational offering.

It’s an exclusive residential area with some houses fetching multi-million dollars.

However, the unit market remains affordable at $567,500.

While this price tag may seem hefty, East Perth’s track record of solid long-term growth means its resale potential is strong.

However, recently, there appear to be a large number of vacant properties according to Real Estate Investar, which put the suburb’s vacancy rate at a hefty 8%.

Terrace Road, Hay Street and Hill Street are among the most popular streets in the suburb and where many residents prefer to live.

Top amenities: East Perth is renowned for its many cafes and restaurants. Outdoor activities are plenty and very popular on the river. You can join aYoga or Pilates group, or a Fitness Boot Camp to stay in shape. There are plenty of schools, shops and supermarkets close by, making East Perth a great place to live for all ages including families.

Local industry and business: There is a huge diversity of business in East Perth, mostly small businesses such as florists, fashion retailers, beauty salons, coffee shops, art galleries, real estate agents and accountants. Most of Perth’s largest employers are in the heart of the city, just a few kilometres away, with most of the major mining companies, accounting and law firms, banks and retail giants based there. There is no major manufacturing industry in East Perth or immediate surrounds, which means no pollution and noise, although with freeway access so close, these industrial hubs are never far away, so employment opportunities are endless.

Public transport: Public transport here is great. Free cat bus services run daily every 20 minutes throughout Perth, taking you to your favourite East Perth locations, or to one of two train stations nearby, which can get you just about anywhere up and down the coast.

Main arteries: Peth city is pretty much at your front door. A five-minute cat bus ride or drive will take you right to the centre. Close access to freeways means the popular city beach and Cottesloe beach are only a 15-minute drive, as well as quick access to surrounding suburbs.

Close
Metrics i HOUSE UNIT
$1,176,500 $465,000
0.13% -3.63%
-4.15% -7.00%
3.27% 1.45%
$650 $420
20 267
2.87% 4.70%
117.28 107.63

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
Find a mortgage broker in East Perth WA
Demographics
Total population 8184
Median household income ($/weekly) 1813
Median age of persons 32
Median housing loan repayment ($/monthly) 2392
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 980 12.0
    25-34 years 2746 33.6
    35-44 years 1120 13.7
    45-54 years 937 11.4
    55-64 years 940 11.5
    Others 1461 17.9
    Age Group
    Census Count Percent(%)
    Not Married 2955 49.7
    Registered Married 2053 34.5
    Defacto Relationship 940 15.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2678 39.0
    Malta 310 4.5
    Papua New Guinea 254 3.7
    United Kingdom 696 10.1
    Other 909 13.2
    Others 2020 29.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 435 6.5
    Christianity 3523 52.9
    Hinduism 272 4.1
    Islam 326 4.9
    No Religion 1963 29.5
    Others 141 2.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 242 7.5
    $1,500-$1,999 384 11.9
    $2,000-$2,499 245 7.6
    $2,500-$2,999 649 20.2
    $4,000 or more 249 7.7
    Others 1448 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3501 54.1
    Not in the labour force 1505 23.3
    Employed, worked part-time 1007 15.6
    Unemployed, looking for work 253 3.9
    Employed, away from work 207 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 722 15.3
    Professionals 1729 36.7
    Technicians & trades workers 465 9.9
    Community & personal service workers 417 8.8
    Clerical & administrative workers 643 13.6
    Others 737 15.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 105 7.8
    Secondary 113 8.3
    Technical or Further Educational Institution 271 20.0
    University or other Tertiary Institutions 703 51.9
    Other type of educational institution 134 9.9
    Others 28 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5112 79.1
    Semi-detached, row or terrace house, townhouse 810 12.5
    Separate house 485 7.5
    House or flat attached to a shop, office 57 0.9
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2133 61.2
    Being purchased 817 23.4
    Fully owned 527 15.1
    Other tenure type 10 0.3
    Tenure Type
Census 2011, ABS
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