Suburb Profile Report for Mount Lawley WA (6050)

Mount Lawley House: Median price $967,500, Annual capital growth 3.70%, Number of sales 88, Weekly median advertised rent $550

Mount Lawley Unit: Median price $410,000, Annual capital growth 4.26%, Number of sales 109, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Mount Lawley, 6050 have given investors a capital gain of -7.94%. This compares badly with the -5.06% for WA as a whole.

Over the longer term, Mount Lawley has seen property prices show investors a -7.86% return over the last 3 years. This is worse than over the last 12 months

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.15% offered to property buyers. Sellers in Mount Lawley itself are offering an average vendor discount of -8.06% to real estate investors.

At number 2549 in a list of fastest selling suburbs, Mount Lawley is in the bottom 40% of suburbs in Australia with an average of days on market 96.82 for properties listed there.

Property investors should expect to get $550 weekly from the median priced house in this suburb.

WA has seen average median house prices change by -3.52% which means that Mount Lawley, 6050 has not done well for property investors by showing a capital gain of -4.65% over the last year

Taking the average capital gain, or increase in median house value, Mount Lawley,6050 has racked up an average of -4.65% over the period. This ranks it number 1334th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Mount Lawley is $410000, with sellers offering an average of -7.31% off the asking price.

Mount Lawley, 6050’s gross rental yield is 4.31%

YIP MAG Information supplied by:

YIP MAG
January 2016

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Mount Lawley seems to be bucking the trend of Perth’s overall real estate marketFull summary

Mount Lawley seems to be bucking the trend of Perth’s overall real estate market.

The inner-city suburb, which abuts the Swan River, has seen a dramatic drop in the amount of stock on market, which is currently down 24.7%.

Mount Lawley’s location is likely to be major factor in its growing popularity.

It is just 3km from the Perth CBD and surrounded by a number of Perth’s major amenities.

The suburb is home to the Edith Cowan University and Mount Lawley Senior High School. Mount Lawley Golf Course is on its northern perimeter, while nib Stadium is to the south.

The Mount Lawley railway station offers public transport links to the rest of Perth.

The suburb seems to be relatively popular with tenants, with its vacancy rate a respectable 3.4%, according to Real Estate Investar.

Close
HOUSE UNIT
$967,500 $410,000
-4.91% -0.36%
-7.94% -4.65%
3.70% 4.26%
$550 $340
88 109
2.96% 4.31%
96.82 73

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Mount Lawley WA
Demographics
Total population 10702
Median household income ($/weekly) 1718
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 1061 9.9
    25-34 years 2201 20.6
    35-44 years 1501 14.0
    45-54 years 1470 13.7
    55-64 years 1185 11.1
    Others 3285 30.7
    Age Group
    Census Count Percent(%)
    Not Married 3676 46.8
    Registered Married 3136 39.9
    Defacto Relationship 1040 13.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 6359 63.8
    Japan 298 3.0
    Papua New Guinea 243 2.4
    United Kingdom 951 9.5
    Other 631 6.3
    Others 1481 14.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 283 3.0
    Christianity 5546 57.8
    Hinduism 133 1.4
    Islam 145 1.5
    No Religion 3313 34.5
    Others 173 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 468 12.4
    $2,000-$2,499 287 7.6
    $2,500-$2,999 513 13.6
    $3,000-$3,499 295 7.8
    $4,000 or more 375 9.9
    Others 1845 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3959 45.6
    Not in the labour force 2237 25.8
    Employed, worked part-time 1866 21.5
    Employed, away from work 342 3.9
    Unemployed, looking for work 276 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 923 15.0
    Professionals 2197 35.6
    Technicians & trades workers 552 9.0
    Community & personal service workers 555 9.0
    Clerical & administrative workers 863 14.0
    Others 1075 17.4
    Occupation
    Census Count Percent(%)
    Pre-school 94 3.4
    Infants/Primary 551 20.2
    Secondary 572 20.9
    Technical or Further Educational Institution 256 9.4
    University or other Tertiary Institutions 1182 43.2
    Others 79 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6162 66.2
    Flat, unit or apartment 1944 20.9
    Semi-detached, row or terrace house, townhouse 1196 12.8
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1640 39.4
    Being purchased 1274 30.6
    Fully owned 1230 29.6
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
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