Suburb Profile Report for Subiaco WA (6008)

Subiaco House: Median price $1,162,500, Annual capital growth 1.50%, Number of sales 73, Weekly median advertised rent $700

Subiaco Unit: Median price $482,500, Annual capital growth 0.34%, Number of sales 141, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Subiaco 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 -4.91%

Over the longer term, Subiaco has seen property prices show investors a -4.08% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -8.60% to buyers in Subiaco at the moment, which is less than average for the rest of WA.

On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.

Using the current median advertised rental of $700 and the average annual increase in value of a median property of 1.50%, investors should hope to achieve an overall return of 3.13%

Subiaco is in the bottom 10% in WA when comparing median price capital growth over the last year. Subiaco gave property investors a dismal capital gain figure when compared to the rest of the state, with -22.80%.

If we look at median property appreciation over just the last three months, Subiaco has given property investors a paper return of -8.96%. This puts Suburb as 94 on a list of fastest fasting appreciating suburbs in WA

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.43% offered to property buyers. Sellers in Subiaco itself are offering an average vendor discount of -9.28% to real estate investors.

At number 1046 in a list of fastest selling suburbs, Subiaco is in the bottom 40% of suburbs in Australia with an average of days on market 93.75 for properties listed there.

Renters in Suburb are facing rents around $5100 per annum or $425 every week.

YIP MAG Information supplied by:

YIP MAG
March 2016

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‘Subi’, as many locals affectionately call it, is one of Perth’s most densely populated areas, and is right on the western edge of the CBD.Full summary

‘Subi’, as many locals affectionately call it, is one of Perth’s most densely populated areas, and is right on the western edge of the CBD.

It’s a trendy suburb with a strong appeal to students and young professionals as well as growing families.

The suburb’s mainstay, Rokeby Street, offers a broad range of shopping amenities, while Perth’s iconic Kings Park directly borders Subiaco to the southeast.

Surprisingly, there remain more detached houses than apartments in Subiaco (34%), though this is expected to change as Perth embraces high-density living.

But being fairly built up already, the pace of high development should be kept in check.

While Subiaco’s median house values fell by 1% over the past 12 months, this drop is relatively small compared to Perth’s broader price performance.

OnTheHouse.com.au remains bullish about Subiaco’s prospects, forecasting 6% growth each year over the next eight years for houses, which would take the median value to $2,008,000.

Close
Metrics i HOUSE UNIT
$1,162,500 $482,500
1.09% -8.96%
-4.91% -22.80%
1.50% 0.34%
$700 $425
73 141
3.13% 4.58%
37.01 93.75

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Subiaco WA
Demographics
Total population 8015
Median household income ($/weekly) 1968
Median age of persons 37
Median housing loan repayment ($/monthly) 2300
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 673 8.4
    25-34 years 1622 20.2
    35-44 years 1181 14.7
    45-54 years 1149 14.3
    55-64 years 1090 13.6
    Others 2300 28.7
    Age Group
    Census Count Percent(%)
    Not Married 2711 45.7
    Registered Married 2474 41.7
    Defacto Relationship 749 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4526 61.6
    Malta 136 1.8
    Papua New Guinea 195 2.7
    United Kingdom 926 12.6
    Other 442 6.0
    Others 1127 15.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 209 3.0
    Christianity 4158 59.5
    Islam 98 1.4
    Other Religious Groups 54 0.8
    No Religion 2377 34.0
    Others 94 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 185 6.0
    $1,500-$1,999 294 9.5
    $2,500-$2,999 630 20.3
    $3,000-$3,499 224 7.2
    $4,000 or more 377 12.1
    Others 1399 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2977 46.7
    Not in the labour force 1774 27.8
    Employed, worked part-time 1259 19.7
    Employed, away from work 229 3.6
    Unemployed, looking for work 139 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 741 16.6
    Professionals 2032 45.6
    Community & personal service workers 296 6.6
    Clerical & administrative workers 549 12.3
    Sales 304 6.8
    Others 538 12.1
    Occupation
    Census Count Percent(%)
    Pre-school 75 4.6
    Infants/Primary 471 28.7
    Secondary 271 16.5
    Technical or Further Educational Institution 111 6.8
    University or other Tertiary Institutions 663 40.4
    Others 50 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3469 49.2
    Semi-detached, row or terrace house, townhouse 1861 26.4
    Flat, unit or apartment 1707 24.2
    House or flat attached to a shop, office 17 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1640 48.1
    Fully owned 959 28.1
    Being purchased 803 23.6
    Other tenure type 6 0.2
    Tenure Type
Census 2011, ABS
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