Suburb Profile Report for Innaloo WA (6018)

Innaloo House: Median price $582,500, Annual capital growth 1.67%, Number of sales 176, Weekly median advertised rent $450

Innaloo Unit: Median price $425,000, Annual capital growth -0.15%, Number of sales 113, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Innaloo, 6018 ranked 122th in WA when comparing growth in median property values or capital gain over the last 12 months. Innaloo 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, Innaloo comes in at number 164th in WA.

Sellers are offering property buyers an average discount of -5.60% to buyers in Innaloo at the moment, which is less than average for the rest of WA.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.02%, without taking into account capital value appreciation, which has been averaging out at 1.67%.

WA has seen average median house prices change by -4.49% which means that Innaloo, 6018 has not done well for property investors by showing a capital gain of -11.46% over the last year

The five-year average increase in median property values for Innaloo,6018 has given property investors a potential capital gain of -11.99% across each of those five years.

Our latest figures would indicate that property sellers in Innaloo are currently offering property investors an average price cut of -6.33% below the asking price at the moment.

Residents and property investors in Innaloo have been waiting around 113 days to sell a property.

Innaloo is 37th on a list of best yielding suburbs for rents in WA with a 4.89% return

Catherine Daymond Information supplied by:

Catherine Daymond
Residential Realty

M 0412 717 940
O 9446 5005

W www.residentialrealty.com.au
E cathy@residentialrealty.com.au
Located to Perth's north-west, one suburb in from City Beach, Innaloo combines city living with coastal beauty and an easygoing lifestyle.
Just 10 minutes to Perth by car, Innaloo features a number of recreational parks, excellent public transport and close proximity to Osborne Hospital, a major employer in the area.
The suburb also boasts high quality public and private schools, is close to a train station and bus depot and features a major shopping complex.
The suburb is becoming increasingly sought after by investors and a number of developments have been occuring recently as the area grows.Full summary

Selling points: Innaloo is a very sought after area, located close to a train station and bus depot, a major shopping centre, great schools and the freeway.

Most sought after properties: Typically anything over two bedrooms, lock up garage, air conditioning and outdoor area

Most common properties: A mix of old & new

Top amenities: High quality public and private schools, a great shopping centre, plenty of public space and proximity to the beach

Local industry and business: Most residents are commuters to the CBD

Recent changes: Residential development is increasing in the area as demand grows and the suburb is a very busy one

Best streets: Anywhere in this suburb is in demand

Public transport: One of the best in the state

Main arteries: Get to the beach in five minutes; walk to the train station and bus depot; walk or take a very quick drive to a major shopping centre; 10 minutes’ drive to Perth city.

Close
Metrics i HOUSE UNIT
$582,500 $425,000
-0.77% -3.41%
-0.04% -11.46%
1.67% -0.15%
$450 $400
176 113
4.02% 4.89%
68.74 113

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Innaloo WA
Demographics
Total population 7647
Median household income ($/weekly) 1449
Median age of persons 35
Median housing loan repayment ($/monthly) 2200
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 636 8.3
    25-34 years 1865 24.4
    35-44 years 1095 14.3
    45-54 years 765 10.0
    55-64 years 702 9.2
    Others 2584 33.8
    Age Group
    Census Count Percent(%)
    Not Married 2848 48.8
    Registered Married 2130 36.5
    Defacto Relationship 858 14.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4584 64.8
    Indonesia 142 2.0
    Papua New Guinea 265 3.7
    United Kingdom 666 9.4
    Other 397 5.6
    Others 1019 14.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 163 2.4
    Christianity 4353 63.6
    Hinduism 131 1.9
    Islam 84 1.2
    No Religion 2038 29.8
    Others 70 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 267 9.1
    $400-$599 260 8.9
    $1,500-$1,999 354 12.1
    $2,000-$2,499 249 8.5
    $2,500-$2,999 365 12.4
    Others 1441 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2820 45.9
    Not in the labour force 1893 30.8
    Employed, worked part-time 1010 16.4
    Employed, away from work 255 4.1
    Unemployed, looking for work 172 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 491 12.0
    Professionals 1200 29.4
    Technicians & trades workers 565 13.8
    Clerical & administrative workers 638 15.6
    Sales 338 8.3
    Others 853 20.9
    Occupation
    Census Count Percent(%)
    Pre-school 80 6.0
    Infants/Primary 324 24.3
    Secondary 261 19.6
    Technical or Further Educational Institution 164 12.3
    University or other Tertiary Institutions 444 33.3
    Others 62 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 4056 58.8
    Separate house 2663 38.6
    Flat, unit or apartment 184 2.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1285 39.9
    Being purchased 1086 33.7
    Fully owned 812 25.2
    Other tenure type 35 1.1
    Tenure Type
Census 2011, ABS
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