Suburb Profile Report for Claremont WA (6010)

Claremont House: Median price $1,237,500, Annual capital growth 3.53%, Number of sales 94, Weekly median advertised rent $770

Claremont Unit: Median price $650,000, Annual capital growth 5.24%, Number of sales 90, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a poor capital gain of -14.06% for the last year, Claremont, 6010 is the 3948th highest performer in Australia in this respect.

The five-year average increase in median property values for Claremont,6010 has given property investors a potential capital gain of -5.53% across each of those five years.

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 Claremont, 6010. Typically our figures indicate that -8.72% is being offered, which puts this WA suburb at 593th most discounted overall in Australia.

At number 1210 in a list of fastest selling suburbs, Claremont is in the TOP 40% of suburbs in Australia with an average of days on market 65.64 for properties listed there.

Renters in Suburb are facing rents around $9240 per annum or $770 every week.

Claremont is an average performer in WA when comparing median price capital growth over the last year. Claremont gave property investors a good capital gain figure when compared to the rest of the state, with -1.52%.

Over the longer term, Claremont has seen property prices show investors a 3.59% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Claremont is offering property investors an average of -7.58. This rate of discount on properties puts Suburb at number 38th in terms of most discounted suburbs in WA

Property investors should expect to get $430 weekly from the median priced house in this suburb.

Richard Young Information supplied by:

Richard Young
Caporn Young Claremont

M 08 9385 5559
O 0412 385 056

W www.capornyoung.com.au
E Richard@capornyoung.com.au
Claremont is a blue chip suburb which is appealing to any investor as it offers both security and a sustained high return on investment. Its prime location being near the river, easy access to the city and surrounded by some of Perth’s prestigious schools are some of the main selling points. Claremont properties achieve strong long-term capital growth, the lower-priced properties continue to yield high rental returns.Full summary

Selling points: Claremont is a blue chip suburb which is appealing to any investor as it offers both security and a sustained high return on investment. Its prime location being near the river, easy access to the city and surrounded by some of Perth’s prestigious schools are some of the main selling points. Claremont properties achieve strong long-term capital growth and the lower-priced properties continue to yield high rental returns.

Most sought after properties: At the moment, there is high demand for tired properties with larger land holding, knock-over projects with development potential and certain streets are in demand (primarily ones that are closest to the schools and the river). Any well priced apartments sub $600k are moving quickly as well.

Most common properties: A mixture of houses, townhouses and apartments. Amongst the houses, there is a mixture of character homes as well as contemporary homes. The apartment complexes range from small 1 bedders to luxury penthouses around the Claremont Quarter.

Top amenities: Prestigious private schools such as Methodist Ladies' College, Christ Church Grammar School, Presbyterian Ladies' College and Scotch College, close proximity to the Swan River, Claremont Quarter and Bay View Terrace shopping strip, Claremont Showgrounds (host of the Perth Royal Show), close to train station and bus services.

Local industry and business: Retail, real estate and hospitality.

Recent changes: The new Claremont Quarter has recently been completed which is home to many high fashion stores, luxury apartment complexes are part of the Quarter’s development, Bay View Terrace strip has recently been gentrified.

Best streets: On quiet, tree lined streets near the river; people like to be in walking distance to the water’s edge, within walking distance of the local schools.

Public transport: Claremont has 2 main railway stations (Claremont & Loch St) which runs regularly, there is also the Showgrounds railway station which only runs during special events. There are various buses that run throughout the area which makes it extremely accessible.

Main arteries: Stirling Highway is the main arterial route that runs through Claremont. It links the city to Fremantle. Claremont is located in between these two major hubs making it extremely easy to get into the Perth CBD and the port city of Fremantle.

Close
HOUSE UNIT
$1,237,500 $650,000
-6.43% -3.42%
-14.06% -1.52%
3.53% 5.24%
$770 $430
94 90
3.24% 3.44%
65.64 106.24

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
Find a mortgage broker in Claremont WA
Demographics
Total population 7592
Median household income ($/weekly) 1674
Median age of persons 42
Median housing loan repayment ($/monthly) 2600
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 898 11.8
    35-44 years 815 10.7
    45-54 years 969 12.8
    55-64 years 933 12.3
    65-74 years 810 10.7
    Others 3168 41.7
    Age Group
    Census Count Percent(%)
    Not Married 2563 46.9
    Registered Married 2483 45.4
    Defacto Relationship 418 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4665 67.0
    Papua New Guinea 145 2.1
    South Africa 147 2.1
    United Kingdom 749 10.8
    Other 333 4.8
    Others 919 13.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 103 1.5
    Christianity 4543 68.4
    Hinduism 84 1.3
    Islam 60 0.9
    No Religion 1773 26.7
    Others 83 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 217 8.0
    $1,500-$1,999 269 9.9
    $2,500-$2,999 439 16.1
    $3,000-$3,499 199 7.3
    $4,000 or more 260 9.5
    Others 1343 49.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2339 39.4
    Employed, worked full-time 1964 33.1
    Employed, worked part-time 1308 22.1
    Employed, away from work 188 3.2
    Unemployed, looking for work 132 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 603 17.4
    Professionals 1412 40.8
    Community & personal service workers 335 9.7
    Clerical & administrative workers 401 11.6
    Sales 290 8.4
    Others 417 12.1
    Occupation
    Census Count Percent(%)
    Pre-school 81 4.4
    Infants/Primary 498 27.3
    Secondary 427 23.4
    Technical or Further Educational Institution 105 5.8
    University or other Tertiary Institutions 677 37.1
    Others 36 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4500 68.4
    Flat, unit or apartment 1365 20.7
    Semi-detached, row or terrace house, townhouse 709 10.8
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1200 40.4
    Rented 974 32.8
    Being purchased 710 23.9
    Other tenure type 89 3.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals