Suburb Profile Report for Applecross WA (6153)

Applecross House: Median price $1,430,000, Annual capital growth 6.02%, Number of sales 92, Weekly median advertised rent $673

Applecross Unit: Median price $637,500, Annual capital growth 4.86%, Number of sales 53, Weekly median advertised rent $415

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2418th in the list of Australian suburbs ordered by increase in median house value over the last year, Applecross, 6153 is in the BOTTOM 50% with a property value increase of 2.88% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Applecross comes in at number 44th in WA.

The most recent median price for Applecross is $1430000, with sellers offering an average of -10.63% off the asking price.

With the median price for a house in Applecross being $1430000 and the advertised rent reaching $672.5 the gross rental yield for property investors calculates out to be 2.45%

If you compare the increase in value of investment property in Applecross, 6153 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 10.87%.

Over the longer term, Applecross has seen property prices show investors a 12.04% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Applecross should be aiming for at least -10.97% off the asking price, which is the average vendor discount being achieved at the moment.

A $415 per week rent on the median house gives suburb investors a gross yield of circa 3.39%, without taking into account capital value appreciation, which has been averaging out at 4.86%.

HOUSE UNIT
$1,430,000 $637,500
-4.03% -1.92%
2.88% 10.87%
6.02% 4.86%
$673 $415
92 53
2.45% 3.39%
112.61 149.09

Source: CoreLogic

DSR Score for property investment : Below average (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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Recent sales & rentals