Suburb Profile Report for North Beach WA (6020)

North Beach House: Median price $1,050,000, Annual capital growth 2.21%, Number of sales 45, Weekly median advertised rent $500

North Beach Unit: Median price $625,000, Annual capital growth 4.25%, Number of sales 15, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

WA has seen average median house prices change by -3.83% which means that North Beach, 6020 has not done well for property investors by showing a capital gain of 23.53% over the last year

The five-year average increase in median property values for North Beach,6020 has given property investors a potential capital gain of 11.17% across each of those five years.

North Beach, 6020 is offering WA ‘s 30th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this WA.

If you compare the increase in value of investment property in North Beach, 6020 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this WA suburb was 22.55%.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in North Beach, 6020. Typically our figures indicate that -4.53% is being offered, which puts this WA suburb at 898th most discounted overall in Australia.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 2.91%, without taking into account capital value appreciation, which has been averaging out at 4.25%.

Metrics i HOUSE UNIT
$1,050,000 $625,000
22.09% N/A
23.53% 22.55%
2.21% 4.25%
$500 $350
45 15
2.48% 2.91%
81.3 91.71

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 3090
Median household income ($/weekly) 1346
Median age of persons 41
Median housing loan repayment ($/monthly) 2822
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 415 13.4
    35-44 years 457 14.8
    45-54 years 391 12.6
    55-64 years 464 15.0
    65-74 years 324 10.5
    Others 1041 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 1085 46.7
    Not Married 1011 43.5
    Defacto Relationship 228 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2148 73.4
    Papua New Guinea 78 2.7
    South Africa 54 1.8
    United Kingdom 338 11.6
    Other 105 3.6
    Others 202 6.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 1.0
    Christianity 1789 64.3
    Islam 30 1.1
    Judaism 18 0.6
    No Religion 904 32.5
    Others 13 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 114 9.7
    $800-$999 98 8.4
    $1,500-$1,999 114 9.7
    $2,500-$2,999 125 10.7
    $4,000 or more 97 8.3
    Others 623 53.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 921 37.5
    Not in the labour force 844 34.3
    Employed, worked part-time 533 21.7
    Employed, away from work 110 4.5
    Unemployed, looking for work 50 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 227 14.5
    Professionals 433 27.7
    Technicians & trades workers 219 14.0
    Clerical & administrative workers 233 14.9
    Sales 143 9.1
    Others 308 19.7
    Occupation
    Census Count Percent(%)
    Pre-school 47 7.9
    Infants/Primary 196 32.8
    Secondary 155 26.0
    Technical or Further Educational Institution 42 7.0
    University or other Tertiary Institutions 146 24.5
    Others 11 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1794 62.3
    Semi-detached, row or terrace house, townhouse 810 28.1
    Flat, unit or apartment 271 9.4
    House or flat attached to a shop, office 5 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 490 38.2
    Fully owned 448 34.9
    Being purchased 341 26.6
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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