Suburb Profile Report for West Leederville WA (6007)

West Leederville House: Median price $1,050,000, Annual capital growth 3.91%, Number of sales 63, Weekly median advertised rent $650

West Leederville Unit: Median price $535,000, Annual capital growth 8.18%, Number of sales 40, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in West Leederville, 6007 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -8.30%.

If we look at median property appreciation over just the last three months, West Leederville has given property investors a paper return of -4.55%. This puts Suburb as 361 on a list of fastest fasting appreciating suburbs in WA

West Leederville, 6007 is offering WA ‘s 337th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this WA.

Residents and property investors in West Leederville have been waiting around 51.53 days to sell a property.

If you compare the increase in value of investment property in West Leederville, 6007 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this WA suburb was 16.68%.

Over the longer term, West Leederville has seen property prices show investors a -7.28% return over the last 3 years. This is an improvement over the last 12 months

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.10% offered to property buyers. Sellers in West Leederville itself are offering an average vendor discount of -8.64% to real estate investors.

A $325 per week rent on the median house gives suburb investors a gross yield of circa 3.16%, without taking into account capital value appreciation, which has been averaging out at 8.18%.

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West Leederville, just 3km north-west of the Perth CBD, offers an affordable investment option very close to the amenities and employment hub of the city centre. While some of the suburb is zoned commercial, the majority is medium density residentialFull summary

West Leederville, just 3km north-west of the Perth CBD, offers an affordable investment option very close to the amenities and employment hub of the city centre. While some of the suburb is zoned commercial, the majority is medium-density residential.

West Leederville has a reasonable level of amenity, with shops, cafes and several schools located within the suburb. However, its proximity to both prime suburb Subiaco and the CBD – both accessible via a minutes-long train journey or a short walk – means residents can access an inner city lifestyle at a much more affordable cost. The presence of two major Perth hospitals in Subiaco also provides local employment potential.

Units are very affordable when compared with neighbouring suburbs such as Leederville proper and Subiaco. There’s significant scope for catch-up growth with its more expensive neighbours – especially as freestanding properties in the suburb are subdivided to create more units.

Popular streets amongst residents include Tate Street (situated near the West Leederville station), Brighton Street and Tower Street (both situated near Southport Street).

Close
HOUSE UNIT
$1,050,000 $535,000
-4.55% 24.42%
-8.30% 16.68%
3.91% 8.18%
$650 $325
63 40
3.22% 3.16%
51.53 87.62

Source: CoreLogic

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 3807
Median household income ($/weekly) 1918
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 311 8.2
    25-34 years 807 21.2
    35-44 years 552 14.5
    45-54 years 474 12.5
    55-64 years 460 12.1
    Others 1203 31.6
    Age Group
    Census Count Percent(%)
    Not Married 1212 44.0
    Registered Married 1162 42.2
    Defacto Relationship 381 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2183 61.6
    Indonesia 110 3.1
    Italy 131 3.7
    United Kingdom 336 9.5
    Other 230 6.5
    Others 553 15.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 69 2.0
    Christianity 1902 55.8
    Hinduism 90 2.6
    Islam 47 1.4
    No Religion 1251 36.7
    Others 51 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 143 10.6
    $2,000-$2,499 97 7.2
    $2,500-$2,999 207 15.4
    $3,000-$3,499 121 9.0
    $4,000 or more 162 12.0
    Others 617 45.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1411 46.5
    Not in the labour force 841 27.7
    Employed, worked part-time 582 19.2
    Employed, away from work 118 3.9
    Unemployed, looking for work 80 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 312 14.8
    Professionals 893 42.3
    Technicians & trades workers 198 9.4
    Clerical & administrative workers 256 12.1
    Sales 157 7.4
    Others 293 13.9
    Occupation
    Census Count Percent(%)
    Pre-school 52 6.7
    Infants/Primary 213 27.5
    Secondary 133 17.2
    Technical or Further Educational Institution 78 10.1
    University or other Tertiary Institutions 267 34.5
    Others 31 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2264 67.8
    Flat, unit or apartment 577 17.3
    Semi-detached, row or terrace house, townhouse 499 14.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 586 40.0
    Fully owned 452 30.9
    Being purchased 421 28.7
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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