Suburb Profile Report for Floreat WA (6014)

Floreat House: Median price $1,182,500, Annual capital growth 0.66%, Number of sales 118, Weekly median advertised rent $650

Floreat Unit: Median price $695,000, Annual capital growth -0.99%, Number of sales 25, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Floreat have tracked just lower than the WA average of -4.46% over the last 12 months.

Across a shorter period, Floreat, 6014 has seen a median price increase of 0.94% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Floreat is offering property investors an average of -8.25. This rate of discount on properties puts Suburb at number 290th in terms of most discounted suburbs in WA

Residents and property investors in Floreat have been waiting around 65.91 days to sell a property.

Using the current median advertised rental of $650 and the average annual increase in value of a median property of 0.66%, investors should hope to achieve an overall return of 2.86%

With a capital gain of -4.79% for the last 12 months, Floreat, 6014 has performed for property investments than its average annual -0.99% property growth over the last 5 years.

Metrics i HOUSE UNIT
$1,182,500 $695,000
0.94% -0.71%
-7.62% -4.79%
0.66% -0.99%
$650 N/A
118 25
2.86% N/A
65.91 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 7228
Median household income ($/weekly) 2598
Median age of persons 39
Median housing loan repayment ($/monthly) 2700
Average household size 3
  • Census Count Percent(%)
    5-14 years 1232 17.0
    15-19 years 596 8.2
    35-44 years 1043 14.4
    45-54 years 1260 17.4
    55-64 years 825 11.4
    Others 2273 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 3108 59.7
    Not Married 1840 35.4
    Defacto Relationship 256 4.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5250 74.8
    Papua New Guinea 110 1.6
    South Africa 151 2.2
    United Kingdom 640 9.1
    Other 232 3.3
    Others 636 9.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 68 1.0
    Christianity 4734 69.5
    Hinduism 35 0.5
    Islam 33 0.5
    No Religion 1898 27.9
    Others 43 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 180 8.5
    $2,500-$2,999 373 17.7
    $3,000-$3,499 267 12.7
    $3,500 -$3,999 141 6.7
    $4,000 or more 343 16.3
    Others 802 38.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2065 38.6
    Not in the labour force 1639 30.6
    Employed, worked part-time 1325 24.8
    Employed, away from work 215 4.0
    Unemployed, looking for work 107 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 636 17.6
    Professionals 1521 42.2
    Community & personal service workers 266 7.4
    Clerical & administrative workers 466 12.9
    Sales 293 8.1
    Others 425 11.8
    Occupation
    Census Count Percent(%)
    Pre-school 157 6.9
    Infants/Primary 858 37.6
    Secondary 597 26.2
    Technical or Further Educational Institution 75 3.3
    University or other Tertiary Institutions 564 24.7
    Others 28 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6916 99.1
    Semi-detached, row or terrace house, townhouse 43 0.6
    Flat, unit or apartment 20 0.3
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1059 44.8
    Being purchased 942 39.9
    Rented 348 14.7
    Other tenure type 13 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals