Suburb Profile Report for Cloverdale WA (6105)

Cloverdale House: Median price $465,000, Annual capital growth 4.09%, Number of sales 145, Weekly median advertised rent $360

Cloverdale Unit: Median price $382,000, Annual capital growth -2.47%, Number of sales 39, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Cloverdale is in the bottom 20% in WA when comparing median price capital growth over the last year. Cloverdale gave property investors a dismal capital gain figure when compared to the rest of the state, with -10.48%.

While Cloverdale,6105 ranked number 275th in WA for increase in median house value (annualised) increase, it is ranked 129th over the last 5 years.

Vendor discounting in Cloverdale is giving property investors an average Vendor Discount of around -9.56%. This puts suburb at number 85th in WA when ranking the most discounted suburbs.

Residents and property investors in Cloverdale have been waiting around 88.06 days to sell a property.

Cloverdale, 6105’s gross rental yield is 4.03%

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 -12.98%

If we look at median property appreciation over just the last three months, Cloverdale has given property investors a paper return of -3.05%. This puts Suburb as 72 on a list of fastest fasting appreciating suburbs in WA

Cloverdale, 6105 is offering WA ‘s 93th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this WA.

In the last year 39 properties changed hands in Cloverdale, which puts it as the 40th most active market in WA when comparing the number of sales per suburb.

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
HOUSE UNIT
$465,000 $382,000
-2.11% -3.05%
-10.48% -12.98%
4.09% -2.47%
$360 $330
145 39
4.03% 4.49%
88.06 134.23

Source: CoreLogic

DSR Score for property investment : Below average (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