Suburb Profile Report for Maylands WA (6051)

Maylands House: Median price $640,000, Annual capital growth 2.47%, Number of sales 110, Weekly median advertised rent $400

Maylands Unit: Median price $402,500, Annual capital growth 4.17%, Number of sales 181, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Maylands have tracked close to the WA average of -4.46% over the last 12 months.

The five-year average increase in median property values for Maylands,6051 has given property investors a potential capital gain of 18.52% across each of those five years.

Property investors looking for a bargain in Maylands should be aiming for at least -7.01% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1405 in a list of fastest selling suburbs, Maylands is in the TOP 40% of suburbs in Australia with an average of days on market 69.86 for properties listed there.

Property value increases in Maylands have tracked just higher than the WA average of -4.11% over the last 12 months.

Maylands,6051 was ranked 367 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Maylands is offering property investors an average of -8.31. This rate of discount on properties puts Suburb at number 63th in terms of most discounted suburbs in WA

Situated 4.42km from the CBD, Maylands is one of Bayswater localities in the postcode 6051.

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Over the last year, property investments in Maylands, 6051 have given investors a capital gain of 18.89%. This compares very favourably with the 4.41% for WA as a whole.

Maylands,6051 has offered an average of 18.89% return per annum in house price rises to property investors over the last three years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -9.61% offered to property buyers. Sellers in Maylands itself are offering an average vendor discount of -7.38% to real estate investors.

On average over the past year, suburb has had 13.17 sales per month, which equates to 158 per year.

With the median price for a house in Maylands being $645000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.43%Full summary
Maylands is a unique suburb surrounded by the Swan River with a huge range of different properties ranging from 1 bedroom units prised from $200,000 to Big houses worth as much as $6,000,000 
 
Over the last year, property investments in Maylands, 6051 have given investors a capital gain of 18.89%. This compares very favourably with the 4.41% for WA as a whole.
 
Maylands,6051 has offered an average of 18.89% return per annum in house price rises to property investors over the last three years.
 
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -9.61% offered to property buyers. Sellers in Maylands itself are offering an average vendor discount of -7.38% to real estate investors.
 
On average over the past year, suburb has had 13.17 sales per month, which equates to 158 per year.
 
With the median price for a house in Maylands being $645000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.43%
 
Selling points:  Own Train station, surrounded by the Swan River, 6klm to Perth CBD, has its own Café Strip. Beautiful parks and walk ways along the river with city views. Good future prospects for Capital gains.  Boat yard &own yacht club.  New $21 Million Multi purpose centre on eighth ave.  
 
Most sought after properties: Villas, Town houses and Units. 
 
Most common properties: Villas & Town houses. 
 
Top amenities:  Major fast food chains, café strip, own train station, medical centre, Coles. Water park, bbq areas. 
 
Local industry and business: Cafes, Yacht club & Boat yard,  water park. Gym, chemist. 
 
Recent changes: Higher Zoning – several new café’s established. New $21 Million dollar multi purpose centre recently built.  Completion of the blind centre on whatley cress.   
 
Public transport: Maylands train station & plenty of Bus stops.  
 
Main arteries: Guildford rd & Whatley Cress

 

Close
Metrics i HOUSE UNIT
$640,000 $402,500
-1.54% 3.47%
-5.19% 3.21%
2.47% 4.17%
$400 $290
110 181
3.25% 3.75%
69.86 91.93

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 12353
Median household income ($/weekly) 1220
Median age of persons 34
Median housing loan repayment ($/monthly) 1950
Average household size 2
  • Census Count Percent(%)
    20-24 years 1095 8.9
    25-34 years 3430 27.8
    35-44 years 2046 16.6
    45-54 years 1411 11.4
    55-64 years 1250 10.1
    Others 3121 25.3
    Age Group
    Census Count Percent(%)
    Not Married 4780 50.9
    Registered Married 3357 35.8
    Defacto Relationship 1250 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5971 53.2
    Indonesia 820 7.3
    Papua New Guinea 346 3.1
    United Kingdom 978 8.7
    Other 1097 9.8
    Others 2018 18.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 396 3.7
    Christianity 5783 53.6
    Hinduism 540 5.0
    Islam 406 3.8
    No Religion 3374 31.2
    Others 298 2.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 458 8.9
    $800-$999 479 9.3
    $1,000-$1,249 492 9.6
    $1,500-$1,999 591 11.5
    $2,500-$2,999 542 10.6
    Others 2572 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4774 48.4
    Not in the labour force 2485 25.2
    Employed, worked part-time 1832 18.6
    Unemployed, looking for work 398 4.0
    Employed, away from work 375 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 781 11.2
    Professionals 1989 28.5
    Technicians & trades workers 979 14.0
    Community & personal service workers 685 9.8
    Clerical & administrative workers 983 14.1
    Others 1565 22.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 498 22.3
    Secondary 250 11.2
    Technical or Further Educational Institution 429 19.2
    University or other Tertiary Institutions 775 34.7
    Other type of educational institution 146 6.5
    Others 135 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4237 38.4
    Separate house 4126 37.4
    Semi-detached, row or terrace house, townhouse 2665 24.1
    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 2912 52.5
    Being purchased 1623 29.3
    Fully owned 992 17.9
    Other tenure type 20 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals