Suburb Profile Report for Applecross WA (6153)

Applecross House: Median price $1,420,000, Annual capital growth 1.28%, Number of sales 96, Weekly median advertised rent $630

Applecross Unit: Median price $615,000, Annual capital growth 3.04%, Number of sales 52, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Applecross 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 -4.70%

Applecross,6153 has offered an average of -4.70% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Applecross is offering property investors an average of -8.17. This rate of discount on properties puts Suburb at number 66th in terms of most discounted suburbs in WA

At number 2937 in a list of fastest selling suburbs, Applecross is in the bottom 30% of suburbs in Australia with an average of days on market 107.6 for properties listed there.

Applecross, 6153’s gross rental yield is 2.31%

Applecross has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of -1.60% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Applecross comes in at number 36th in WA.

Our latest figures would indicate that property sellers in Applecross are currently offering property investors an average price cut of -10.17% below the asking price at the moment.

Often selling an investment property can take time, and in Applecross the average time real estate has been on the market is 140.56 days.

Advertised rents are around the $400 mark per week – giving a return of 3.38% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,420,000 $615,000
13.60% -10.55%
-4.70% -1.60%
1.28% 3.04%
$630 $400
96 52
2.31% 3.38%
107.6 140.56

Source: CoreLogic

DSR Score for property investment : Above average (H), Below average (U)
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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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