Suburb Profile Report for Beechboro WA (6063)

Beechboro House: Median price $406,000, Annual capital growth 3.25%, Number of sales 123, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Expert Report

With a capital gain of -10.77% for the last 12 months, Beechboro, 6063 has performed for property investments than its average annual 3.25% property growth over the last 5 years.

While Beechboro,6063 ranked number 331th in WA for increase in median house value (annualised) increase, it is ranked 183th over the last 5 years.

Beechboro6063 is located in WA which offers an average discount of -8.22% to property investors. Beechboro itself is showing figures that indicate -8.62% is the average achievable by property buyers investing in the suburb.

At number 1953 in a list of fastest selling suburbs, Beechboro is just in the bottom half of suburbs in Australia with an average of days on market 82.02 for properties listed there.

The WA suburb of Beechboro, 6063 is in the Swan local government area.

Adam Bettison Information supplied by:

Adam Bettison
HouseSmart Real Estate Pty Ltd

M 08 9378 2555
O 0409929128

W www.housesmart.com.au
E adam.bettison@housesmart.com.au
Affordability – Beechboro is big in the property value equation - houses are 10 to 25 years old, 12 kilometres from the Perth CBD, on 700 square metre blocks, for around $400,000. Investors will buy for rental yield (around 5.0-5.4%) while holding a low-maintenance property on a large block with potential for capital growth through future subdivision.Full summary

What have you found to be the suburb’s main selling points? Why would investors want to buy there?  


Affordability – Beechboro is big in the property value equation - houses are 10 to 25 years old, 12 kilometres from the Perth CBD, on 700 square metre blocks, for around $400,000. Investors will buy for rental yield (around 5.0-5.4%) while holding a low-maintenance property on a large block with potential for capital growth through future subdivision.

In demand properties:

Stock standard 3x1 houses on 700sqm+ blocks.

Typical homes:

Detached brick and tile houses built by the first homebuyers of the late 1980’s and early 1990’s.

Best amenities:

  • Altone Park Shopping Centre
  • Altone Park Leisure Centre
  • Altone Park Golf Course
  • Multiple medical facilities
  • John Septimus Roe Anglican Community School

Key businesses and employers:

Most residents work outside the suburb either in Perth, Midland, Morley or Malaga.

Recent changes:

City of Swan’s Urban Housing Strategy has the potential to trigger a major upgrade to the suburb through significantly higher zonings. The strategy is expected to become law in 2014 and if/when it does, a wave of subdivision and redevelopment will occur and a large increase in resident population.

Best streets:

Houses on larger blocks anywhere in Beechboro, larger being greater than 700m2; also houses on corner blocks to take advantage of the proposed regulations regarding street frontage and subdivision.

Public transport:

Good, with frequent bus routes throughout the suburb linking to the Bassendean Train Station and Morley Bus Terminal.

Local access:

Yes, Reid Highway forms the northern boundary of Beechboro and Tonkin Highway is 1 kilometre away and links to the Airport and Roe Highway.

Close
HOUSE UNIT
$406,000 N/A
-3.91% N/A
-10.77% N/A
3.25% N/A
$380 N/A
123 N/A
4.87% N/A
82.02 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 13996
Median household income ($/weekly) 1385
Median age of persons 32
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    5-14 years 2117 15.1
    25-34 years 2159 15.4
    35-44 years 2094 15.0
    45-54 years 2047 14.6
    55-64 years 1423 10.2
    Others 4156 29.7
    Age Group
    Census Count Percent(%)
    Registered Married 4883 48.5
    Not Married 4253 42.3
    Defacto Relationship 929 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 7886 59.6
    Indonesia 477 3.6
    United Kingdom 765 5.8
    Viet Nam 508 3.8
    Other 1207 9.1
    Others 2380 18.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 875 6.8
    Christianity 7746 60.5
    Hinduism 279 2.2
    Islam 1034 8.1
    No Religion 2703 21.1
    Others 164 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 342 8.7
    $1,000-$1,249 428 10.9
    $1,250-$1,499 380 9.7
    $1,500-$1,999 642 16.4
    $2,000-$2,499 449 11.5
    Others 1668 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4453 43.6
    Not in the labour force 2974 29.1
    Employed, worked part-time 1938 19.0
    Employed, away from work 463 4.5
    Unemployed, looking for work 395 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 742 10.8
    Technicians & trades workers 1328 19.4
    Clerical & administrative workers 1113 16.3
    Machinery operators & drivers 772 11.3
    Labourers 899 13.1
    Others 1995 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 232 6.9
    Infants/Primary 1313 38.8
    Secondary 904 26.7
    Technical or Further Educational Institution 404 11.9
    University or other Tertiary Institutions 443 13.1
    Others 89 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 12850 96.4
    Semi-detached, row or terrace house, townhouse 340 2.6
    Flat, unit or apartment 133 1.0
    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 2444 55.3
    Fully owned 1038 23.5
    Rented 926 20.9
    Other tenure type 13 0.3
    Tenure Type
Census 2011, ABS
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