Suburb Profile Report for Doubleview WA (6018)

Doubleview House: Median price $717,000, Annual capital growth 3.72%, Number of sales 166, Weekly median advertised rent $490

Doubleview Unit: Median price $490,000, Annual capital growth 3.72%, Number of sales 25, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Doubleview, 6018 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.40%

While Doubleview,6018 ranked number 117th in WA for increase in median house value (annualised) increase, it is ranked 194th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Doubleview is offering property investors an average of -8.22. This rate of discount on properties puts Suburb at number 211th in terms of most discounted suburbs in WA

Using the current median advertised rental of $490 and the average annual increase in value of a median property of 3.72%, investors should hope to achieve an overall return of 3.55%

Over the last year, property investments in Doubleview, 6018 have given investors a capital gain of -6.67%. This compares badly with the -4.80% for WA as a whole.

Over the longer term, Doubleview has seen property prices show investors a -5.50% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Doubleview should be aiming for at least -8.52% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 25 properties changed hands in Doubleview, which puts it as the 64th most active market in WA when comparing the number of sales per suburb.

With the median price for a house in Doubleview being $490000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.24%

HOUSE UNIT
$717,000 $490,000
0.14% -7.98%
-4.40% -6.67%
3.72% 3.72%
$490 $400
166 25
3.55% 4.24%
73.41 103.66

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 7575
Median household income ($/weekly) 1709
Median age of persons 35
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 861 11.4
    25-34 years 1377 18.2
    35-44 years 1209 16.0
    45-54 years 1003 13.2
    55-64 years 720 9.5
    Others 2405 31.7
    Age Group
    Census Count Percent(%)
    Not Married 2473 44.4
    Registered Married 2417 43.4
    Defacto Relationship 679 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 5062 71.5
    Papua New Guinea 221 3.1
    South Africa 152 2.1
    United Kingdom 621 8.8
    Other 324 4.6
    Others 698 9.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 102 1.5
    Christianity 4468 65.8
    Hinduism 83 1.2
    Islam 41 0.6
    No Religion 2041 30.0
    Others 60 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 218 8.3
    $1,500-$1,999 296 11.2
    $2,000-$2,499 228 8.6
    $2,500-$2,999 351 13.3
    $3,000-$3,499 256 9.7
    Others 1289 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2582 44.8
    Not in the labour force 1549 26.9
    Employed, worked part-time 1205 20.9
    Employed, away from work 259 4.5
    Unemployed, looking for work 167 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 558 13.8
    Professionals 1317 32.5
    Technicians & trades workers 549 13.6
    Clerical & administrative workers 542 13.4
    Sales 348 8.6
    Others 737 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 112 6.7
    Infants/Primary 551 33.0
    Secondary 414 24.8
    Technical or Further Educational Institution 140 8.4
    University or other Tertiary Institutions 400 23.9
    Others 54 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5388 76.5
    Semi-detached, row or terrace house, townhouse 1246 17.7
    Flat, unit or apartment 408 5.8
    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(%)
    Being purchased 1096 37.6
    Rented 1051 36.1
    Fully owned 751 25.8
    Other tenure type 15 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals