Suburb Profile Report for Beechboro WA (6063)

Beechboro House: Median price $398,000, Annual capital growth 1.92%, Number of sales 118, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Expert Report

Over the last year, property investments in Beechboro, 6063 have given investors a capital gain of -11.56%. This compares very badly with the -5.20% for WA as a whole.

If we look at median property appreciation over just the last three months, Beechboro has given property investors a paper return of -1.97%. This puts Suburb as 269 on a list of fastest fasting appreciating suburbs in WA

Sellers are offering property buyers an average discount of -9.20% to buyers in Beechboro at the moment, which is less than average for the rest of WA.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 1.92%, investors should hope to achieve an overall return of 4.57%

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
Metrics i HOUSE UNIT
$398,000 N/A
-1.97% N/A
-11.56% N/A
1.92% N/A
$350 N/A
118 N/A
4.57% N/A
91.59 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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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