Suburb Profile Report for City Beach WA (6015)

City Beach House: Median price $1,612,500, Annual capital growth -0.44%, Number of sales 104, Weekly median advertised rent $835

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in City Beach 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 -5.15%

City Beach,6015 has offered an average of -5.15% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in City Beach are currently offering property investors an average price cut of -9.86% below the asking price at the moment.

Residents and property investors in City Beach have been waiting around 92.61 days to sell a property.

Property investors should expect to get $835 weekly from the median priced house in this suburb.

Gary Dye Information supplied by:

Gary Dye
Acton Real Estate

M 0892850111
O 0418923911

W http://acton.com.au/
E gary.dye@acton.com.au
If you compare the increase in value of investment property in City Beach, 6015 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -5.71%.

Over the longer term, City Beach has seen property prices show investors a -3.59% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in City Beach should be aiming for at least -12.91% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in City Beach have been waiting around 85.69 days to sell a property.

A $1250 per week rent on the median house gives suburb investors a gross yield of circa 4.04%, without taking into account capital value appreciation, which has been averaging out at 8.49%.Full summary
If you compare the increase in value of investment property in City Beach, 6015 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -5.71%.
 
Over the longer term, City Beach has seen property prices show investors a -3.59% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in City Beach should be aiming for at least -12.91% off the asking price, which is the average vendor discount being achieved at the moment.
 
Residents and property investors in City Beach have been waiting around 85.69 days to sell a property.
 
A $1250 per week rent on the median house gives suburb investors a gross yield of circa 4.04%, without taking into account capital value appreciation, which has been averaging out at 8.49%.
 
Selling points: Beach, Size of Land, Ocean Views, Parks, Executive Homes
 
Most sought-after properties: Large Family Homes with Ocean Views
 
Most common properties: Single Dwelling Residences 
 
Top Amenities: Beach, Parks, Recreation
 
Local Industry and Business: Restaurants, Cafe's, Supermarkets, Dentist, Doctor,  Generic Shopping
 
Best Streets:  Windarra Drive
 
Public Transport: Bus
 
Main Arteries: The Boulevard, Oceanic Drive

 

Close
Metrics i HOUSE UNIT
$1,612,500 N/A
-2.27% N/A
-5.15% N/A
-0.44% N/A
$835 N/A
104 N/A
2.69% N/A
92.61 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
Find a mortgage broker in City Beach WA
Demographics
Total population 6356
Median household income ($/weekly) 2575
Median age of persons 44
Median housing loan repayment ($/monthly) 3033
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1029 16.2
    35-44 years 720 11.3
    45-54 years 1101 17.3
    55-64 years 715 11.3
    65-74 years 628 9.9
    Others 2160 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 2887 61.5
    Not Married 1618 34.5
    Defacto Relationship 188 4.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4218 68.9
    South Africa 159 2.6
    United Kingdom 645 10.5
    United States of America 143 2.3
    Other 207 3.4
    Others 750 12.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 76 1.3
    Christianity 4212 71.2
    Judaism 48 0.8
    Other Religious Groups 39 0.7
    No Religion 1492 25.2
    Others 46 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 147 7.7
    $2,500-$2,999 320 16.9
    $3,000-$3,499 203 10.7
    $3,500 -$3,999 122 6.4
    $4,000 or more 347 18.3
    Others 758 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1946 39.9
    Employed, worked full-time 1597 32.7
    Employed, worked part-time 1095 22.4
    Employed, away from work 155 3.2
    Unemployed, looking for work 90 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 596 20.9
    Professionals 1149 40.4
    Community & personal service workers 179 6.3
    Clerical & administrative workers 345 12.1
    Sales 239 8.4
    Others 337 11.8
    Occupation
    Census Count Percent(%)
    Pre-school 73 3.8
    Infants/Primary 650 34.1
    Secondary 660 34.6
    Technical or Further Educational Institution 60 3.1
    University or other Tertiary Institutions 438 23.0
    Others 25 1.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5598 93.5
    Semi-detached, row or terrace house, townhouse 326 5.4
    Flat, unit or apartment 62 1.0
    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 1118 52.8
    Being purchased 613 28.9
    Rented 287 13.5
    Other tenure type 101 4.8
    Tenure Type
Census 2011, ABS
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