Suburb Profile Report for Madeley WA (6065)

Madeley House: Median price $580,000, Annual capital growth 7.14%, Number of sales 66, Weekly median advertised rent $453

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

Source: CoreLogic

  • House Report
  • Expert Report

With a capital gain of -11.92% for the last 12 months, Madeley, 6065 has performed for property investments than its average annual 7.14% property growth over the last 5 years.

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

Vendor discounting in Madeley is giving property investors an average Vendor Discount of around -7.38%. This puts suburb at number 216th in WA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Madeley the average time real estate has been on the market is 91.93 days.

Property investors should expect to get $452.5 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
April 2016

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Around 20km to the north of Perth’s CBD, Madeley has proved to be one of the stronger performers in the Western Australia capital over recent years.Full summary
Around 20km to the north of Perth’s CBD, Madeley has proved to be one of the stronger performers in the Western Australia capital over recent years.

The median house price in Madeley currently sits at $660,000, after a solid five-year period that has seen it increase by 22%.

As a result, houses in the suburb have proved to be a relatively hot commodity, with 97 selling in the past 12 months.

They are staying on the market for an average of 83 days however, which means vendors are willing to offer discounts of 5% to help see sales through.

The median weekly rent in Madeley of $480 means landlords are currently seeing rental yields of 4%.

Landlords are unlikely to have too much trouble finding a tenant, with Real Estate Investar putting the suburb’s current vacancy rate at 1.54%.
Close
HOUSE UNIT
$580,000 N/A
-6.83% N/A
-11.92% N/A
7.14% N/A
$453 N/A
66 N/A
4.06% N/A
91.93 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 5338
Median household income ($/weekly) 1854
Median age of persons 35
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 744 13.9
    25-34 years 819 15.3
    35-44 years 935 17.5
    45-54 years 617 11.6
    55-64 years 513 9.6
    Others 1710 32.0
    Age Group
    Census Count Percent(%)
    Registered Married 2309 61.3
    Not Married 1146 30.4
    Defacto Relationship 313 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3233 62.8
    Papua New Guinea 158 3.1
    South Africa 211 4.1
    United Kingdom 521 10.1
    Other 358 7.0
    Others 669 13.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 125 2.5
    Christianity 3414 69.4
    Hinduism 199 4.0
    Islam 147 3.0
    No Religion 977 19.9
    Others 57 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 122 7.4
    $1,500-$1,999 219 13.3
    $2,000-$2,499 221 13.4
    $2,500-$2,999 248 15.1
    $3,000-$3,499 148 9.0
    Others 689 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1757 45.2
    Not in the labour force 1052 27.1
    Employed, worked part-time 811 20.9
    Employed, away from work 185 4.8
    Unemployed, looking for work 82 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 389 14.1
    Professionals 516 18.7
    Technicians & trades workers 467 17.0
    Clerical & administrative workers 513 18.6
    Sales 258 9.4
    Others 612 22.2
    Occupation
    Census Count Percent(%)
    Pre-school 80 6.5
    Infants/Primary 551 44.7
    Secondary 283 23.0
    Technical or Further Educational Institution 86 7.0
    University or other Tertiary Institutions 207 16.8
    Others 25 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4528 90.3
    Semi-detached, row or terrace house, townhouse 429 8.6
    Caravan, cabin, houseboat 49 1.0
    Flat, unit or apartment 8 0.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 965 54.0
    Fully owned 398 22.3
    Rented 316 17.7
    Other tenure type 108 6.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals