Suburb Profile Report for South Perth WA (6151)

South Perth House: Median price $1,230,000, Annual capital growth 2.35%, Number of sales 100, Weekly median advertised rent $475

South Perth Unit: Median price $570,000, Annual capital growth 1.88%, Number of sales 198, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a an unimpressive capital gain of 3.36% for the last year, South Perth, 6151 is the 2521th highest performer in Australia in this respect.

While South Perth,6151 ranked number 17th in WA for increase in median house value (annualised) increase, it is ranked 160th over the last 5 years.

Vendor discounting in South Perth is giving property investors an average Vendor Discount of around -9.68%. This puts suburb at number 77th in WA when ranking the most discounted suburbs.

Property investors should expect to get $475 weekly from the median priced house in this suburb.

South Perth is in the TOP 20% in WA when comparing median price capital growth over the last year. South Perth gave property investors a very good capital gain figure when compared to the rest of the state, with 7.55%.

The five-year average increase in median property values for South Perth,6151 has given property investors a potential capital gain of 8.57% across each of those five years.

The most recent median price for South Perth is $570000, with sellers offering an average of -8.58% off the asking price.

At number 1185 in a list of fastest selling suburbs, South Perth is in the bottom 20% of suburbs in Australia with an average of days on market 104.17 for properties listed there.

With the median price for a house in South Perth being $570000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.28%

James Thompson Information supplied by:

James Thompson
Bourkes

M 0421677856
O

W www.bourkes.com.au
E james@bourkes.com.au
South Perth offers owners and investors luxury and prestige, just a stone's throw from the Perth CBD. Opportunities exist for first home buyers and investors to get in at the lower end of the market. The suburb plays host to two of Perth's leading high schools and also the fabulous Swan River foreshore precinct, known for it's stunning outlook on Perth and also cafes and restaurants. Full summary

Selling points: South Perth is an exclusive riverside suburb on the banks of the Swan River, approximately 3km from the Perth CBD. It features a number of picturesque parks including the idyllic Swan River Foreshore and is home to some of Perth’s leading schools.

Most sought after properties: South Perth is an affluent suburb with a median house price of around $1,100,000 and has broad appeal to investors and owner occupiers. The lower end of the market ($350,000 - $500,000) is always popular with first home buyers and the premium end of the market (over $1,000,000) attracts families and downsizers.

Most common properties: The City of South Perth offers an array of property types, which cater for buyers on different budgets, including units and villas at the lower end, townhouses and single dwellings on smaller blocks in the middle and modern, double storey homes, riverfront apartments and character homes at the higher end.

Top amenities: Penrhos College (for girls) and Wesley College (for boys) are two of Perth’s leading high schools and are two major reasons for buyers looking to purchase in the area. The Swan River Foreshore is iconic, with its stunning outlook to the Perth CBD, and people come from around Perth to experience some of the area’s celebrated cafes and eateries.

Local industry and business: Although it is not a major business district, the City of South Perth is home to a host of successful small businesses, including cafes and restaurants, clothing boutiques and corporate firms. A lot of residents commute by car, bus, ferry or foot to the CBD for work.

Recent changes: A number of major developments have occurred both in local residential housing and via the Council’s strategic projects.  These include construction of new apartment developments along the South Perth Esplanade and subdivision of larger blocks throughout the suburb into modern homes.  The Canning Bridge and Old Mill redevelopments are two of the City’s most exciting projects in years and will no doubt have major benefits to the area.

Best streets: I recommend buying close to the area’s high quality amenities, including the café and shopping precincts on Angelo Street and Mends Street in South Perth; or Preston Street in Como. Penrhos and Wesley Colleges are always major attractions for buyers, as is the river and Royal Perth Golf Club.

Public transport: The recent construction of the Canning Bridge Train Station has benefited those commuting to and from the CBD.

Main arteries: The major arterial roads, Canning Hwy and the Kwinana Fwy, provide convenient access into the CBD to the North and Fremantle to the South. 

Close
Metrics i HOUSE UNIT
$1,230,000 $570,000
7.42% 3.64%
3.36% 7.55%
2.35% 1.88%
$475 $360
100 198
2.01% 3.28%
109.09 104.17

Source: CoreLogic

DSR Score for property investment : Poor (H), Below average (U)
Find a mortgage broker in South Perth WA
Demographics
Total population 11990
Median household income ($/weekly) 1766
Median age of persons 37
Median housing loan repayment ($/monthly) 2300
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 1199 10.0
    25-34 years 2238 18.7
    35-44 years 1574 13.1
    45-54 years 1618 13.5
    55-64 years 1667 13.9
    Others 3693 30.8
    Age Group
    Census Count Percent(%)
    Not Married 4026 44.8
    Registered Married 3953 44.0
    Defacto Relationship 1004 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 6349 57.6
    Indonesia 290 2.6
    Papua New Guinea 317 2.9
    United Kingdom 1163 10.6
    Other 847 7.7
    Others 2057 18.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 375 3.5
    Christianity 6541 61.7
    Hinduism 234 2.2
    Islam 301 2.8
    No Religion 2993 28.2
    Others 157 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 336 7.3
    $1,250-$1,499 336 7.3
    $1,500-$1,999 523 11.3
    $2,500-$2,999 805 17.5
    $4,000 or more 433 9.4
    Others 2177 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4326 44.6
    Not in the labour force 2840 29.3
    Employed, worked part-time 1870 19.3
    Employed, away from work 370 3.8
    Unemployed, looking for work 294 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 1073 16.3
    Professionals 2343 35.7
    Technicians & trades workers 617 9.4
    Clerical & administrative workers 960 14.6
    Sales 528 8.0
    Others 1044 15.9
    Occupation
    Census Count Percent(%)
    Pre-school 113 4.2
    Infants/Primary 570 21.4
    Secondary 581 21.8
    Technical or Further Educational Institution 243 9.1
    University or other Tertiary Institutions 1077 40.5
    Others 76 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4761 45.3
    Flat, unit or apartment 3899 37.1
    Semi-detached, row or terrace house, townhouse 1854 17.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2348 46.9
    Fully owned 1478 29.5
    Being purchased 1137 22.7
    Other tenure type 45 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals