Suburb Profile Report for Cloverdale WA (6105)

Cloverdale House: Median price $440,000, Annual capital growth 1.38%, Number of sales 126, Weekly median advertised rent $330

Cloverdale Unit: Median price $364,000, Annual capital growth -2.57%, Number of sales 49, Weekly median advertised rent $323

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Cloverdale has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.37%

Cloverdale,6105 was ranked 3483 in Australia by increase in median property value over the quarter.

Property buyers and investors in Cloverdale 6105 should be seeing an average reduction in asking price of around -10.17% . This means that Cloverdale is holding prices well when compared to other suburbs in WA.

Often selling an investment property can take time, and in Cloverdale the average time real estate has been on the market is 99.15 days.

Cloverdale is 249th on a list of best yielding suburbs for rents in WA with a 3.90% return

Property investors who have had real estate in Cloverdale, 6105 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.02%

Comparing Cloverdale,6105 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

LACK OF BUYER INTEREST may well be the reason that Cloverdale is offering property investors an average of -8.73. This rate of discount on properties puts Suburb at number 73th in terms of most discounted suburbs in WA

Residents and property investors in Cloverdale have been waiting around 144.73 days to sell a property.

Cloverdale, 6105’s gross rental yield is 4.61%

Ross Kretschmar Information supplied by:

Ross Kretschmar
Welsh Real Estate

M 08 92707200
O 0418907515

W www.welshrealestate.com.au
E ross@welshrealestate.com.au
WA has seen average median house prices change by 5.90% which means that Cloverdale, 6105 has done well for property investors by showing a capital gain of 17.22% over the last year.

A 18.79% growth in median value for property investors in Cloverdale,6105 puts this suburb at number 60th in terms of best performing suburbs in WA.

Our latest figures would indicate that property sellers in Cloverdale are currently offering property investors an average price cut of -3.91% below the asking price at the moment.

Using the current median advertised rental of $417.5 and the average annual increase in value of a median property of 11.17%, investors should hope to achieve an overall return of 4.43%Full summary
WA has seen average median house prices change by 5.90% which means that Cloverdale, 6105 has done well for property investors by showing a capital gain of 17.22% over the last year.

A 18.79% growth in median value for property investors in Cloverdale,6105 puts this suburb at number 60th in terms of best performing suburbs in WA.

Our latest figures would indicate that property sellers in Cloverdale are currently offering property investors an average price cut of -3.91% below the asking price at the moment.

Using the current median advertised rental of $417.5 and the average annual increase in value of a median property of 11.17%, investors should hope to achieve an overall return of 4.43%

Selling points: Cloverdale is located approximately 7kms from the centre of Perth and 3kms from Perth International airport.

Most sought-after properties: Properties with development potential are still sought after and as re-development escalates they become fewer and fewer

Most common properties:  There is a mixture of Villa-Townhouse complexes as well as new homes on small to medium blocks and the the larger development sites with older style homes. 

Top amenities: The Belmont forum is located in Cloverdale. The swan river and airport are nearby as are Ascot and Belmont racetracks for horse racing.

Local industry and business: Local business comprises retail in the Belmont forum, a little light industrial as well as many commercial businesses.

Recent changes: Widening of the Great Eastern Highway has been beneficial for the area and Town Planning Scheme 15 has introduced Apartment complex dwellings on sites that previously were not commercially viable to undertake such construction.

Best streets: Robinson Avenue, Gild Street, Belinda Avenue, Moraga crescent 

Public transport: Bus routes are plentiful, rail not far away and light rail possibly coming 

Main arteries: Abernethy Road and Wright Street are the two main arteries. 
Close
Metrics i HOUSE UNIT
$440,000 $364,000
-2.22% 3.86%
-7.37% -7.02%
1.38% -2.57%
$330 $323
126 49
3.90% 4.61%
99.15 144.73

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 7272
Median household income ($/weekly) 1148
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 779 10.7
    25-34 years 1260 17.3
    35-44 years 1055 14.5
    45-54 years 866 11.9
    55-64 years 678 9.3
    Others 2634 36.2
    Age Group
    Census Count Percent(%)
    Not Married 2585 47.7
    Registered Married 2252 41.5
    Defacto Relationship 585 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4175 61.0
    Indonesia 211 3.1
    Papua New Guinea 280 4.1
    United Kingdom 502 7.3
    Other 578 8.4
    Others 1100 16.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 211 3.2
    Christianity 4203 63.9
    Hinduism 113 1.7
    Islam 300 4.6
    No Religion 1674 25.4
    Others 79 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 242 9.8
    $400-$599 291 11.7
    $600-$799 221 8.9
    $1,500-$1,999 300 12.1
    $2,000-$2,499 234 9.4
    Others 1191 48.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2292 40.9
    Not in the labour force 2020 36.0
    Employed, worked part-time 856 15.3
    Employed, away from work 225 4.0
    Unemployed, looking for work 215 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 512 15.2
    Technicians & trades workers 659 19.5
    Clerical & administrative workers 556 16.5
    Machinery operators & drivers 355 10.5
    Labourers 352 10.4
    Others 940 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 95 6.6
    Infants/Primary 526 36.8
    Secondary 289 20.2
    Technical or Further Educational Institution 198 13.8
    University or other Tertiary Institutions 269 18.8
    Others 54 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6104 89.2
    Semi-detached, row or terrace house, townhouse 387 5.7
    Flat, unit or apartment 351 5.1
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1004 36.8
    Being purchased 865 31.7
    Fully owned 818 30.0
    Other tenure type 41 1.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals