Suburb Profile Report for North Coogee WA (6163)

North Coogee House: Median price $1,185,000, Annual capital growth 8.45%, Number of sales 20, Weekly median advertised rent $795

North Coogee Unit: Median price $550,000, Annual capital growth -4.63%, Number of sales 35, Weekly median advertised rent $408

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

North Coogee has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 2.60% to date .

If we look at median property appreciation over just the last three months, North Coogee has given property investors a paper return of 5.80%. This puts Suburb as 27 on a list of fastest fasting appreciating suburbs in WA

LACK OF BUYER INTEREST may well be the reason that North Coogee is offering property investors an average of -8.22. This rate of discount on properties puts Suburb at number 172th in terms of most discounted suburbs in WA

Property investors who have had real estate in North Coogee, 6163 should be ok with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.92%

Taking the average capital gain, or increase in median house value, North Coogee,6163 has racked up an average of 0.92% over the period. This ranks it number 1561th in the whole country for real estate investors looking at median house price increases.

North Coogee, 6163 is offering WA ‘s 9th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this WA.

Property investors should expect to get $407.5 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
January 2016

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North Coogee is not immune to the struggles faced by Perth and the rest of the WA property market.Full summary North Coogee is not immune to the struggles faced by Perth and the rest of the WA property market.

This is best illustrated by the beachside suburb’s soaring vacancy rate, which has risen to 16.48%.

The current vacant dwellings in North Coogee are likely to be houses; more than 50% of its housing stock is made up of detached houses (ABS).

North Coogee’s problems might also be caused by the industrial nature of the area, with facilities such as the Robb Jetty Freight Terminal and the WA Salt refinery located in the suburb.

On the plus side is the fact that North Coogee is just a short drive from the Fremantle CBD and only a 20-minute drive from the centre of Perth.

The Cy O’Connor reserve is an extensive stretch of parkland along thecoast and features a number of walking tracks.

Coogee Marina is also a popular attraction, while the South Beach train station offers easily accessible public transport.Close
Metrics i HOUSE UNIT
$1,185,000 $550,000
5.80% 6.90%
2.60% 0.92%
8.45% -4.63%
$795 $408
20 35
3.49% 3.85%
123 105.33

Source: CoreLogic

DSR Score for property investment : Poor (H), Below average (U)
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Demographics
Total population 579
Median household income ($/weekly) 2764
Median age of persons 39
Median housing loan repayment ($/monthly) 4635
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 84 14.5
    25-34 years 50 8.6
    35-44 years 123 21.2
    45-54 years 100 17.3
    55-64 years 77 13.3
    Others 145 25.0
    Age Group
    Census Count Percent(%)
    Registered Married 236 58.6
    Not Married 128 31.8
    Defacto Relationship 39 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 346 65.3
    Greece 11 2.1
    South Africa 26 4.9
    United Kingdom 82 15.5
    Other 14 2.6
    Others 51 9.6
    Country of Birth
    Census Count Percent(%)
    Christianity 378 74.4
    No Religion 113 22.2
    Buddhism 8 1.6
    Other Religious Groups 6 1.2
    Hinduism 3 0.6
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 10 6.3
    $2,500-$2,999 49 31.0
    $3,000-$3,499 15 9.5
    $3,500 -$3,999 12 7.6
    $4,000 or more 32 20.3
    Others 40 25.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 212 49.3
    Not in the labour force 97 22.6
    Employed, worked part-time 91 21.2
    Employed, away from work 22 5.1
    Unemployed, looking for work 8 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 85 26.0
    Professionals 101 30.9
    Technicians & trades workers 23 7.0
    Community & personal service workers 26 8.0
    Clerical & administrative workers 42 12.8
    Others 50 15.3
    Occupation
    Census Count Percent(%)
    Pre-school 8 5.6
    Infants/Primary 53 37.3
    Secondary 34 23.9
    Technical or Further Educational Institution 12 8.5
    University or other Tertiary Institutions 32 22.5
    Others 3 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 301 57.8
    Semi-detached, row or terrace house, townhouse 122 23.4
    Flat, unit or apartment 98 18.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 87 47.8
    Rented 64 35.2
    Fully owned 31 17.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals