Suburb Profile Report for Myaree WA (6154)

Myaree House: Median price $681,000, Annual capital growth 5.61%, Number of sales 29, Weekly median advertised rent $425

Myaree Unit: Median price $370,000, Annual capital growth -10.84%, Number of sales 11, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -9.80% for the last 12 months, Myaree, 6154 has performed for property investments than its average annual 5.61% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Myaree has given property investors a paper return of -2.71%. This puts Suburb as 301 on a list of fastest fasting appreciating suburbs in WA

Property investors looking for a bargain in Myaree should be aiming for at least -5.61% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $425 and the average annual increase in value of a median property of 5.61%, investors should hope to achieve an overall return of 3.25%

Giving property investors a a poor capital gain of -10.84% for the last year, Myaree, 6154 is the 1586th highest performer in Australia in this respect.

The most recent median price for Myaree is $370000, with sellers offering an average of -8.55% off the asking price.

HOUSE UNIT
$681,000 $370,000
-2.71% -10.84%
-9.80% -10.84%
5.61% -10.84%
$425 $365
29 11
3.25% 5.13%
64.13 101.07

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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Recent sales & rentals