Suburb Profile Report for Claremont WA (6010)

Claremont House: Median price $1,340,000, Annual capital growth 2.32%, Number of sales 106, Weekly median advertised rent $695

Claremont Unit: Median price $645,500, Annual capital growth 2.23%, Number of sales 80, Weekly median advertised rent $415

  • 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 Claremont, 6010 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was 0.00%.

Taking the average capital gain, or increase in median house value, Claremont,6010 has racked up an average of 0.00% over the period. This ranks it number 3625th in the whole country for real estate investors looking at median house price increases.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.26% offered to property buyers. Sellers in Claremont itself are offering an average vendor discount of -8.62% to real estate investors.

In the last year 106 properties changed hands in Claremont, which puts it as the 102th most active market in WA when comparing the number of sales per suburb.

Situated 7.69km from the CBD, Claremont is one of Claremont localities in the postcode 6010.

Investment property in Claremont 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 -7.12%

A 5.82% growth in median value for property investors in Claremont,6010 puts this suburb at number 47th in terms of best performing suburbs in WA

LACK OF BUYER INTEREST may well be the reason that Claremont is offering property investors an average of -8.10. This rate of discount on properties puts Suburb at number 73th in terms of most discounted suburbs in WA

Often selling an investment property can take time, and in Claremont the average time real estate has been on the market is 90.33 days.

Using the current median advertised rental of $415 and the average annual increase in value of a median property of 2.23%, investors should hope to achieve an overall return of 3.34%

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
Metrics i HOUSE UNIT
$1,340,000 $645,500
7.20% -0.08%
0.00% -7.12%
2.32% 2.23%
$695 $415
106 80
2.70% 3.34%
67.83 90.33

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (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