Suburb Profile Report for Midvale WA (6056)

Midvale House: Median price $385,000, Annual capital growth 2.39%, Number of sales 13, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report

WA has seen average median house prices change by -4.17% which means that Midvale, 6056 has not done well for property investors by showing a capital gain of -2.53% over the last year

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

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.23% offered to property buyers. Sellers in Midvale itself are offering an average vendor discount of -7.71% to real estate investors.

With the median price for a house in Midvale being $385000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.05%

Metrics i HOUSE UNIT
$385,000 N/A
N/A N/A
-2.53% N/A
2.39% N/A
$300 N/A
13 N/A
4.05% N/A
65.07 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 1517
Median household income ($/weekly) 828
Median age of persons 36
Median housing loan repayment ($/monthly) 1582
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 212 14.0
    25-34 years 207 13.6
    35-44 years 182 12.0
    45-54 years 178 11.7
    55-64 years 188 12.4
    Others 550 36.3
    Age Group
    Census Count Percent(%)
    Not Married 582 53.8
    Registered Married 378 34.9
    Defacto Relationship 122 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1007 71.2
    Papua New Guinea 100 7.1
    Philippines 52 3.7
    United Kingdom 82 5.8
    Other 40 2.8
    Others 133 9.4
    Country of Birth
    Census Count Percent(%)
    Christianity 848 63.8
    No Religion 446 33.5
    Other Religious Groups 19 1.4
    Hinduism 11 0.8
    Buddhism 6 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 68 13.0
    $400-$599 71 13.5
    $600-$799 62 11.8
    $1,000-$1,249 56 10.7
    $1,500-$1,999 54 10.3
    Others 214 40.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 478 43.2
    Employed, worked full-time 369 33.3
    Employed, worked part-time 157 14.2
    Unemployed, looking for work 62 5.6
    Employed, away from work 41 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 120 21.2
    Community & personal service workers 63 11.1
    Clerical & administrative workers 83 14.6
    Machinery operators & drivers 84 14.8
    Labourers 88 15.5
    Others 129 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 23 8.1
    Infants/Primary 130 45.6
    Secondary 71 24.9
    Technical or Further Educational Institution 29 10.2
    University or other Tertiary Institutions 23 8.1
    Others 9 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1059 75.1
    Semi-detached, row or terrace house, townhouse 330 23.4
    Flat, unit or apartment 22 1.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 283 49.0
    Being purchased 159 27.6
    Fully owned 132 22.9
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals