Suburb Profile Report for Myaree WA (6154)

Myaree House: Median price $700,000, Annual capital growth 3.05%, Number of sales 28, Weekly median advertised rent $450

Myaree Unit: Median price $407,000, Annual capital growth -2.00%, Number of sales 10, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Myaree, 6154 ranked 202th in WA when comparing growth in median property values or capital gain over the last 12 months. Myaree is one of 1662 in our list for WA

When looking at the potential capital gains offered to property investors over the last 3 years, Myaree comes in at number 218th in WA.

Myaree6154 is located in WA which offers an average discount of -8.23% to property investors. Myaree itself is showing figures that indicate -6.00% is the average achievable by property buyers investing in the suburb.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.34%, without taking into account capital value appreciation, which has been averaging out at 3.05%.

Over the last year, property investments in Myaree, 6154 have given investors a capital gain of -4.12%. This compares averagely with the -5.10% for WA as a whole.

The most recent median price for Myaree is $407000, with sellers offering an average of -5.08% off the asking price.

Myaree is 63th on a list of best yielding suburbs for rents in WA with a 4.47% return

Metrics i HOUSE UNIT
$700,000 $407,000
N/A 5.85%
-4.11% -4.12%
3.05% -2.00%
$450 $350
28 10
3.34% 4.47%
65.8 109.63

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 1896
Median household income ($/weekly) 1092
Median age of persons 41
Median housing loan repayment ($/monthly) 2000
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 244 12.9
    25-34 years 219 11.5
    35-44 years 285 15.0
    45-54 years 217 11.4
    75-84 years 202 10.6
    Others 730 38.5
    Age Group
    Census Count Percent(%)
    Registered Married 636 46.1
    Not Married 622 45.1
    Defacto Relationship 121 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1296 71.4
    Iraq 25 1.4
    Papua New Guinea 39 2.1
    United Kingdom 202 11.1
    Other 73 4.0
    Others 179 9.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 1.3
    Christianity 1184 67.4
    Hinduism 8 0.5
    Islam 10 0.6
    No Religion 526 30.0
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 83 11.6
    $400-$599 85 11.9
    $800-$999 66 9.2
    $1,500-$1,999 79 11.0
    $2,500-$2,999 76 10.6
    Others 326 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 604 41.3
    Employed, worked full-time 505 34.5
    Employed, worked part-time 272 18.6
    Employed, away from work 49 3.3
    Unemployed, looking for work 34 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 103 12.4
    Professionals 200 24.2
    Technicians & trades workers 126 15.2
    Clerical & administrative workers 145 17.5
    Sales 71 8.6
    Others 183 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 26 6.3
    Infants/Primary 177 42.7
    Secondary 94 22.7
    Technical or Further Educational Institution 32 7.7
    University or other Tertiary Institutions 80 19.3
    Others 6 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1452 83.4
    Semi-detached, row or terrace house, townhouse 286 16.4
    Flat, unit or apartment 4 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 334 42.5
    Being purchased 251 32.0
    Rented 168 21.4
    Other tenure type 32 4.1
    Tenure Type
Census 2011, ABS
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