Suburb Profile Report for Applecross WA (6153)

Applecross House: Median price $1,280,000, Annual capital growth 2.15%, Number of sales 87, Weekly median advertised rent $613

Applecross Unit: Median price $617,500, Annual capital growth 2.60%, Number of sales 55, Weekly median advertised rent $398

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Applecross, 6153 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -11.88%.

Applecross,6153 was ranked 4014 in Australia by increase in median property value over the quarter.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Applecross itself are offering an average vendor discount of -10.70% to real estate investors.

With the median price for a house in Applecross being $1280000 and the advertised rent reaching $612.5 the gross rental yield for property investors calculates out to be 2.49%

Property value increases in Applecross have tracked just higher than the WA average of -3.23% over the last 12 months.

Comparing Applecross,6153 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Applecross should be aiming for at least -10.90% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 55 properties changed hands in Applecross, which puts it as the 25th most active market in WA when comparing the number of sales per suburb.

Situated 6.95km from the CBD, Applecross is one of Melville localities in the postcode 6153.

HOUSE UNIT
$1,280,000 $617,500
-11.42% 1.23%
-11.88% 3.78%
2.15% 2.60%
$613 $398
87 55
2.49% 3.35%
100.35 137.09

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 6579
Median household income ($/weekly) 2095
Median age of persons 42
Median housing loan repayment ($/monthly) 2900
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 778 11.8
    25-34 years 739 11.2
    35-44 years 772 11.7
    45-54 years 993 15.1
    55-64 years 970 14.7
    Others 2327 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 2677 55.3
    Not Married 1874 38.7
    Defacto Relationship 291 6.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3667 60.5
    Iraq 157 2.6
    Malta 158 2.6
    United Kingdom 654 10.8
    Other 352 5.8
    Others 1078 17.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 168 2.9
    Christianity 4094 70.0
    Hinduism 89 1.5
    Islam 92 1.6
    No Religion 1335 22.8
    Others 71 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 149 6.9
    $1,500-$1,999 205 9.4
    $2,500-$2,999 369 17.0
    $3,000-$3,499 176 8.1
    $4,000 or more 323 14.9
    Others 949 43.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1960 38.5
    Not in the labour force 1753 34.5
    Employed, worked part-time 1063 20.9
    Employed, away from work 201 4.0
    Unemployed, looking for work 110 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 641 19.9
    Professionals 1148 35.7
    Community & personal service workers 235 7.3
    Clerical & administrative workers 480 14.9
    Sales 266 8.3
    Others 449 13.9
    Occupation
    Census Count Percent(%)
    Pre-school 77 4.9
    Infants/Primary 492 31.2
    Secondary 371 23.6
    Technical or Further Educational Institution 88 5.6
    University or other Tertiary Institutions 516 32.8
    Others 31 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4294 72.9
    Semi-detached, row or terrace house, townhouse 1030 17.5
    Flat, unit or apartment 566 9.6
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1047 43.9
    Rented 713 29.9
    Being purchased 602 25.3
    Other tenure type 21 0.9
    Tenure Type
Census 2011, ABS
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