Suburb Profile Report for Cottesloe WA (6011)

Cottesloe House: Median price $1,800,000, Annual capital growth 2.66%, Number of sales 118, Weekly median advertised rent $850

Cottesloe Unit: Median price $740,000, Annual capital growth 1.86%, Number of sales 52, Weekly median advertised rent $475

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2608th in the list of Australian suburbs ordered by increase in median house value over the last year, Cottesloe, 6011 is in the BOTTOM 40% with a property value increase of 1.41% recorded in median house prices.

While Cottesloe,6011 ranked number 22th in WA for increase in median house value (annualised) increase, it is ranked 272th over the last 5 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 Cottesloe, 6011. Typically our figures indicate that -11.43% is being offered, which puts this WA suburb at 221th most discounted overall in Australia.

Residents and property investors in Cottesloe have been waiting around 114.66 days to sell a property.

A $850 per week rent on the median house gives suburb investors a gross yield of circa 2.46%, without taking into account capital value appreciation, which has been averaging out at 2.66%.

WA has seen average median house prices change by -3.64% which means that Cottesloe, 6011 has not done well for property investors by showing a capital gain of -8.07% over the last year

Comparing Cottesloe,6011 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

LACK OF BUYER INTEREST may well be the reason that Cottesloe is offering property investors an average of -8.08. This rate of discount on properties puts Suburb at number 27th in terms of most discounted suburbs in WA

Situated 10.75km from the CBD, Cottesloe is one of Cottesloe localities in the postcode 6011.

HOUSE UNIT
$1,800,000 $740,000
5.88% 1.37%
1.41% -8.07%
2.66% 1.86%
$850 $475
118 52
2.46% 3.34%
114.66 101.84

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 7399
Median household income ($/weekly) 2494
Median age of persons 40
Median housing loan repayment ($/monthly) 2817
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 908 12.3
    25-34 years 1025 13.9
    35-44 years 908 12.3
    45-54 years 1052 14.2
    55-64 years 1057 14.3
    Others 2449 33.1
    Age Group
    Census Count Percent(%)
    Registered Married 2538 49.0
    Not Married 2137 41.3
    Defacto Relationship 503 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4975 74.3
    Papua New Guinea 140 2.1
    South Africa 123 1.8
    United Kingdom 695 10.4
    Other 248 3.7
    Others 512 7.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 1.0
    Christianity 4211 65.5
    Judaism 27 0.4
    Other Religious Groups 25 0.4
    No Religion 2075 32.3
    Others 30 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 149 6.4
    $1,500-$1,999 213 9.1
    $2,500-$2,999 451 19.3
    $3,000-$3,499 220 9.4
    $4,000 or more 357 15.3
    Others 949 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2202 39.8
    Not in the labour force 1738 31.4
    Employed, worked part-time 1232 22.3
    Employed, away from work 231 4.2
    Unemployed, looking for work 126 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 692 18.9
    Professionals 1597 43.6
    Community & personal service workers 278 7.6
    Clerical & administrative workers 362 9.9
    Sales 295 8.1
    Others 439 12.0
    Occupation
    Census Count Percent(%)
    Pre-school 107 6.0
    Infants/Primary 618 34.5
    Secondary 379 21.1
    Technical or Further Educational Institution 75 4.2
    University or other Tertiary Institutions 574 32.0
    Others 39 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5030 77.4
    Flat, unit or apartment 819 12.6
    Semi-detached, row or terrace house, townhouse 649 10.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1090 41.5
    Rented 845 32.2
    Being purchased 678 25.8
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
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