Suburb Profile Report for North Perth WA (6006)

North Perth House: Median price $794,000, Annual capital growth 3.07%, Number of sales 114, Weekly median advertised rent $500

North Perth Unit: Median price $462,250, Annual capital growth 2.66%, Number of sales 52, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3802th in the list of Australian suburbs ordered by increase in median house value over the last year, North Perth, 6006 is in the BOTTOM 10% with a property value increase of -9.00% recorded in median house prices.

Taking the average capital gain, or increase in median house value, North Perth,6006 has racked up an average of -9.00% over the period. This ranks it number 3714th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in North Perth, 6006. Typically our figures indicate that -7.17% is being offered, which puts this WA suburb at 1188th most discounted overall in Australia.

Advertised rents are around the $500 mark per week – giving a return of 3.27% based on the median price in Suburb

Investment property in North Perth 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 -16.33%

A 8.64% growth in median value for property investors in North Perth,6006 puts this suburb at number 104th in terms of best performing suburbs in WA

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in North Perth, 6006. Typically our figures indicate that -7.12% is being offered, which puts this WA suburb at 259th most discounted overall in Australia.

Advertised rents are around the $350 mark per week – giving a return of 3.94% based on the median price in Suburb

Theo Kouroulis Information supplied by:

Theo Kouroulis
Paragon Property

M 08 9227 6666
O 0411751377

W http://paragonproperty.com.au/
E thep@paragonproperty.com.au
North Perth has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of 0.99% to date.

Comparing North Perth,6006‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period.

At number 276th of WA’s most discounted properties, North Perth is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in North Perth the average time real estate has been on the market is 67.94 days.

Renters in Suburb are facing rents around $7200 per annum or $600 every week.Full summary
North Perth is located only 3km from the Perth CBD, Typically the homes in the area were built in the early 1900’s.  Many of the residents are now renovating those homes in line with the traditional Californian bungalow style.  In recent years North Perth has grown to be a very popular destination for all ages especially with the establishment of the Angove St Café strip consisting of quality cafes and boutique fashion stores all complimented by the introduction of younger families in the area.  North Perth with its proximity to the city, it’s cosmopolitan lifestyle and the overall community spirit will continue to grow and benefit it’s residents and all who visit.  In general it’s a fun place to be and a great place to bring up your family.
 
North Perth has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of 0.99% to date.
 
Comparing North Perth,6006‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period.
 
At number 276th of WA’s most discounted properties, North Perth is in the TOP 40% of the state/territory when listing in order of most discounted to least.
 
Often selling an investment property can take time, and in North Perth the average time real estate has been on the market is 67.94 days.
 
Renters in Suburb are facing rents around $7200 per annum or $600 every week.
 
Selling points: 
Close to city offering the inner city lifestyle without the hustle and bustle of being in the centre of town, great recreational facilities, schools and consistant capital growth.
 
Most sought-after properties: 
Renovated brick and tile Californian bungalow with 3 bedrooms, study and 2 bathrooms.
 
Most common properties:  
Californian bungalow style brick and tile homes built in the early 1900’s
 
Top amenities: 
Close to city, great quality schools, recreational facilities such as Beatty park swimming pool complex, boutique shopping, cafes.
 
Local industry and business:
All sorts of small businesses such as boutique fashion stores, cafes, chemists, real estate agent, Rosemount hotel, North Perth shopping plaza, hairdressers and many others.
 
Recent changes: 
The establishment of the Angove St café strip, the renovation of the Rosemount Hotel and the soon to be light rail going from the city through North Perth all the way to Mirrabooka.
 
Best streets: 
It’s difficult to pick the best streets as the whole of North Perth is quite desirable by the general public.
 
Public transport: 
Mainly buses.
 
Main arteries: 
Fitzgerald St, Charles St, Vincent St and Walcott St.
Close
HOUSE UNIT
$794,000 $462,250
-1.06% -14.40%
-9.00% -16.33%
3.07% 2.66%
$500 $350
114 52
3.27% 3.94%
63.33 115.6

Source: CoreLogic

DSR Score for property investment : Below average (U), Above average (H)
Find a mortgage broker in North Perth WA
Demographics
Total population 8543
Median household income ($/weekly) 1733
Median age of persons 36
Median housing loan repayment ($/monthly) 2400
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 816 9.6
    25-34 years 1603 18.8
    35-44 years 1429 16.7
    45-54 years 1157 13.5
    55-64 years 780 9.1
    Others 2759 32.3
    Age Group
    Census Count Percent(%)
    Not Married 2696 43.4
    Registered Married 2691 43.3
    Defacto Relationship 826 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5205 65.1
    Japan 440 5.5
    United Kingdom 581 7.3
    Viet Nam 168 2.1
    Other 379 4.7
    Others 1222 15.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 279 3.6
    Christianity 4578 59.2
    Islam 52 0.7
    Judaism 93 1.2
    No Religion 2654 34.3
    Others 82 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 228 7.6
    $1,500-$1,999 339 11.4
    $2,500-$2,999 413 13.8
    $3,000-$3,499 276 9.2
    $4,000 or more 264 8.8
    Others 1464 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3029 45.8
    Not in the labour force 1832 27.7
    Employed, worked part-time 1338 20.2
    Employed, away from work 257 3.9
    Unemployed, looking for work 163 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 691 15.0
    Professionals 1651 35.8
    Technicians & trades workers 529 11.5
    Community & personal service workers 372 8.1
    Clerical & administrative workers 634 13.7
    Others 741 16.0
    Occupation
    Census Count Percent(%)
    Pre-school 126 7.1
    Infants/Primary 582 32.6
    Secondary 289 16.2
    Technical or Further Educational Institution 162 9.1
    University or other Tertiary Institutions 577 32.3
    Others 50 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6128 80.0
    Semi-detached, row or terrace house, townhouse 765 10.0
    Flat, unit or apartment 742 9.7
    House or flat attached to a shop, office 26 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1128 34.4
    Rented 1092 33.3
    Fully owned 1022 31.2
    Other tenure type 35 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals