Suburb Profile Report for Floreat WA (6014)

Floreat House: Median price $1,213,750, Annual capital growth 0.83%, Number of sales 119, Weekly median advertised rent $650

Floreat Unit: Median price $695,000, Annual capital growth -2.91%, Number of sales 22, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

Floreat, 6014 ranked 91th in WA when comparing growth in median property values or capital gain over the last 12 months. Floreat is one of 1662 in our list for WA

When looking at the potential capital gains offered to property investors over the last 3 years, Floreat comes in at number 96th in WA.

Our latest figures would indicate that property sellers in Floreat are currently offering property investors an average price cut of -6.66% below the asking price at the moment.

In the last year 119 properties changed hands in Floreat, which puts it as the 75th most active market in WA when comparing the number of sales per suburb.

Floreat, 6014’s gross rental yield is 2.78%

At number 1183th in the list of Australian suburbs ordered by increase in median house value over the last year, Floreat, 6014 is in the BOTTOM 40% with a property value increase of -0.71% recorded in median house prices.

Over the longer term, Floreat has seen property prices show investors a -8.55% return over the last 3 years. This is an improvement over the last 12 months

The WA suburb of Floreat, 6014 is in the Cambridge local government area.

Metrics i HOUSE UNIT
$1,213,750 $695,000
-0.31% 0.36%
1.15% -0.71%
0.83% -2.91%
$650 $500
119 22
2.78% 3.74%
72.5 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