Suburb Profile Report for Myaree WA (6154)

Myaree House: Median price $705,000, Annual capital growth 2.33%, Number of sales 33, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Myaree, 6154 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was 2.14%.

While Myaree,6154 ranked number 108th in WA for increase in median house value (annualised) increase, it is ranked 96th over the last 5 years.

Property investors looking for a bargain in Myaree should be aiming for at least -6.10% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Myaree the average time real estate has been on the market is 60 days.

Advertised rents are around the $450 mark per week – giving a return of 3.32% based on the median price in Suburb

Metrics i HOUSE UNIT
$705,000 N/A
0.71% N/A
2.14% N/A
2.33% N/A
$450 N/A
33 N/A
3.32% N/A
60 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (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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