Suburb Profile Report for North Beach WA (6020)

North Beach House: Median price $1,017,500, Annual capital growth 2.64%, Number of sales 48, Weekly median advertised rent $500

North Beach Unit: Median price $525,000, Annual capital growth 1.83%, Number of sales 17, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 528th in the list of Australian suburbs ordered by increase in median house value over the last year, North Beach, 6020 is in the top 20% with a property value increase of 19.01% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Beach has increased when compared to the 5 year average annual rate.

The most recent median price for North Beach is $1017500, with sellers offering an average of -9.96% off the asking price.

Residents and property investors in North Beach have been waiting around 91.48 days to sell a property.

North Beach has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.55% to date .

LACK OF BUYER INTEREST may well be the reason that North Beach is offering property investors an average of -9.02. This rate of discount on properties puts Suburb at number 94th in terms of most discounted suburbs in WA

Advertised rents are around the $355 mark per week – giving a return of 3.52% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,017,500 $525,000
7.67% 0.48%
19.01% -4.55%
2.64% 1.83%
$500 $355
48 17
2.56% 3.52%
91.48 75.8

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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