Suburb Profile Report for North Beach WA (6020)

North Beach House: Median price $972,500, Annual capital growth 1.39%, Number of sales 48, Weekly median advertised rent $510

North Beach Unit: Median price $625,000, Annual capital growth 3.38%, Number of sales 14, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 786th 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 13.21% recorded in median house prices.

The five-year average increase in median property values for North Beach,6020 has given property investors a potential capital gain of -4.19% across each of those five years.

Property investors looking for a bargain in North Beach should be aiming for at least -11.66% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in North Beach being $972500 and the advertised rent reaching $510 the gross rental yield for property investors calculates out to be 2.73%

North Beach has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 10.62% to date .

Our latest figures would indicate that property sellers in North Beach are currently offering property investors an average price cut of -4.23% below the asking price at the moment.

With the median price for a house in North Beach being $625000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.00%

Metrics i HOUSE UNIT
$972,500 $625,000
13.08% N/A
13.21% 10.62%
1.39% 3.38%
$510 $360
48 14
2.73% 3.00%
81.88 95.69

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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