Suburb Profile Report for Leederville WA (6007)

Leederville House: Median price $802,500, Annual capital growth 2.70%, Number of sales 41, Weekly median advertised rent $518

Leederville Unit: Median price $500,000, Annual capital growth 3.22%, Number of sales 39, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Leederville is in the bottom 30% in WA when comparing median price capital growth over the last year. Leederville gave property investors a disappointing capital gain figure when compared to the rest of the state, with -9.32%.

Comparing Leederville,6007 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Leederville, 6007 is offering WA ‘s 410th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this WA.

With the median price for a house in Leederville being $802500 and the advertised rent reaching $517.5 the gross rental yield for property investors calculates out to be 3.35%

Giving property investors a a poor capital gain of -11.50% for the last year, Leederville, 6007 is the 1592th highest performer in Australia in this respect.

A -1.96% growth in median value for property investors in Leederville,6007 puts this suburb at number 64th in terms of best performing suburbs in WA

Our latest figures would indicate that property sellers in Leederville are currently offering property investors an average price cut of -5.26% below the asking price at the moment.

Situated 2.67km from the CBD, Leederville is one of Vincent localities in the postcode 6007.

YIP MAG Information supplied by:

YIP MAG
September 2016

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For those looking for an entry point to the housing market in inner Perth, Leederville may be a suburb to keep in mind.Full summary For those looking for an entry point to the housing market in inner Perth, Leederville may be a suburb to keep in mind.

The suburb is less than 5km northwest of the Perth CBD, and while its median house price of over $830,000 may seem steep to some, there are signs of improving affordability.

Price growth has cooled to just 5% over the past five years, while the median house price has dipped 6% in just the last 12 months.

Houses in the suburb do still seem relatively popular though, with the average time on market just 37 days.

There are some obvious signs why people may be quick to act when opportunities present themselves in Leederville.

The Perth CBD is an easy drive away via the Mitchell Freeway, while Leederville train station also offers easy access to the rest of the city.

Oxford Street, especially at the southern end, is a thriving entertainment option featuring a range of cafes, restaurants and barsClose
HOUSE UNIT
$802,500 $500,000
-5.59% -2.25%
-9.32% -11.50%
2.70% 3.22%
$518 $420
41 39
3.35% 4.37%
41.86 57

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2944
Median household income ($/weekly) 1907
Median age of persons 33
Median housing loan repayment ($/monthly) 2160
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 282 9.6
    25-34 years 880 29.9
    35-44 years 524 17.8
    45-54 years 312 10.6
    55-64 years 262 8.9
    Others 683 23.2
    Age Group
    Census Count Percent(%)
    Not Married 1082 49.6
    Registered Married 721 33.0
    Defacto Relationship 379 17.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1619 62.0
    Italy 93 3.6
    Japan 81 3.1
    United Kingdom 283 10.8
    Other 128 4.9
    Others 407 15.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 3.8
    Christianity 1389 55.1
    Hinduism 20 0.8
    Other Religious Groups 26 1.0
    No Religion 960 38.1
    Others 28 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 139 12.6
    $2,000-$2,499 91 8.3
    $2,500-$2,999 188 17.0
    $3,000-$3,499 87 7.9
    $4,000 or more 99 9.0
    Others 499 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1278 54.3
    Not in the labour force 479 20.4
    Employed, worked part-time 422 17.9
    Employed, away from work 110 4.7
    Unemployed, looking for work 64 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 225 12.4
    Professionals 805 44.5
    Technicians & trades workers 179 9.9
    Community & personal service workers 130 7.2
    Clerical & administrative workers 225 12.4
    Others 245 13.5
    Occupation
    Census Count Percent(%)
    Pre-school 27 5.3
    Infants/Primary 96 18.9
    Secondary 63 12.4
    Technical or Further Educational Institution 58 11.4
    University or other Tertiary Institutions 243 47.7
    Others 22 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1396 55.6
    Semi-detached, row or terrace house, townhouse 641 25.5
    Flat, unit or apartment 473 18.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 539 43.9
    Being purchased 353 28.8
    Fully owned 308 25.1
    Other tenure type 27 2.2
    Tenure Type
Census 2011, ABS
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