Suburb Profile Report for Innaloo WA (6018)

Innaloo House: Median price $565,000, Annual capital growth 3.26%, Number of sales 172, Weekly median advertised rent $470

Innaloo Unit: Median price $479,000, Annual capital growth 3.16%, Number of sales 64, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3691th in the list of Australian suburbs ordered by increase in median house value over the last year, Innaloo, 6018 is in the BOTTOM 20% with a property value increase of -7.94% recorded in median house prices.

While Innaloo,6018 ranked number 322th in WA for increase in median house value (annualised) increase, it is ranked 223th over the last 5 years.

Innaloo6018 is located in WA which offers an average discount of -8.15% to property investors. Innaloo itself is showing figures that indicate -6.18% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $5640 per annum or $470 every week.

Innaloo has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.20% to date .

While Innaloo,6018 ranked number 32th in WA for increase in median house value (annualised) increase, it is ranked 58th over the last 5 years.

At number 70th of WA’s most discounted properties, Innaloo is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 3.16%, investors should hope to achieve an overall return of 4.78%

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
HOUSE UNIT
$565,000 $479,000
-3.42% -0.21%
-7.94% -4.20%
3.26% 3.16%
$470 $440
172 64
4.33% 4.78%
76.54 71.76

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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Recent sales & rentals