Suburb Profile Report for Mirrabooka WA (6061)

Mirrabooka House: Median price $410,000, Annual capital growth 4.01%, Number of sales 76, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Expert Report

Property value increases in Mirrabooka have tracked close to the WA average of -5.25% over the last 12 months.

A 19.01% growth in median value for property investors in Mirrabooka,6061 puts this suburb at number 290th in terms of best performing suburbs in WA

The most recent median price for Mirrabooka is $410000, with sellers offering an average of -7.90% off the asking price.

At number 1267 in a list of fastest selling suburbs, Mirrabooka is in the TOP 40% of suburbs in Australia with an average of days on market 66.8 for properties listed there.

A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.69%, without taking into account capital value appreciation, which has been averaging out at 4.01%.

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Mirrabooka lies 10km north of the Perth CBD, and offers affordable housing with good amenity. It’s a multicultural suburb with a large proportion of young families.

Full summary

Mirrabooka lies 10km north of the Perth CBD, and offers affordable housing with good amenity. It’s a multicultural suburb with a large proportion of young families.

While accessibility isn’t its strongest point – the nearest train stations are around 6km away, in Hamersley and Bayswater – road access is very good, with the Mirrabooka Bus station acting as a hub for public transport in the area. The Reid Highway running east to west also connects Mirrabooka with the Mitchell Freeway to the city and the Tonkin Highway to Perth airport.

The majority of amenities are concentrated south of the Reid Highway, with the local Osborne Clinic and Mirrabooka shopping centre offers both local amenities and employment. There are several schools in the suburb, and further amenities are available in nearby Malaga.

The suburb has expanded in recent years due to the subdivision of bushland, and the median house price is very affordable. Rental yields are solid and vacancy rates are very low.

Recovering market conditions and affordability pressures will be two of the main drivers behind capital growth in this market.

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HOUSE UNIT
$410,000 N/A
-2.38% N/A
-4.65% N/A
4.01% N/A
$370 N/A
76 N/A
4.69% N/A
66.8 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 7933
Median household income ($/weekly) 1033
Median age of persons 30
Median housing loan repayment ($/monthly) 1400
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 1349 17.0
    25-34 years 1088 13.7
    35-44 years 1030 13.0
    45-54 years 1124 14.2
    55-64 years 785 9.9
    Others 2558 32.2
    Age Group
    Census Count Percent(%)
    Not Married 2607 47.4
    Registered Married 2575 46.8
    Defacto Relationship 319 5.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3456 47.2
    Ireland 214 2.9
    United Kingdom 227 3.1
    Viet Nam 637 8.7
    Other 1286 17.6
    Others 1505 20.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 781 10.9
    Christianity 3710 52.0
    Islam 1523 21.3
    Other Religious Groups 76 1.1
    No Religion 987 13.8
    Others 64 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 223 11.2
    $600-$799 221 11.1
    $1,000-$1,249 225 11.3
    $1,250-$1,499 216 10.8
    $1,500-$1,999 245 12.3
    Others 864 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2234 40.8
    Employed, worked full-time 1749 32.0
    Employed, worked part-time 959 17.5
    Unemployed, looking for work 267 4.9
    Employed, away from work 265 4.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 502 16.9
    Community & personal service workers 333 11.2
    Clerical & administrative workers 344 11.6
    Machinery operators & drivers 373 12.6
    Labourers 587 19.8
    Others 827 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 124 5.9
    Infants/Primary 747 35.6
    Secondary 565 26.9
    Technical or Further Educational Institution 281 13.4
    University or other Tertiary Institutions 293 14.0
    Others 88 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7326 97.3
    Semi-detached, row or terrace house, townhouse 134 1.8
    Flat, unit or apartment 71 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1003 44.3
    Rented 720 31.8
    Fully owned 526 23.2
    Other tenure type 14 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals