Suburb Profile Report for Success WA (6164)

Success House: Median price $530,000, Annual capital growth 4.39%, Number of sales 116, Weekly median advertised rent $430

Success Unit: Median price $354,000, Annual capital growth 0.07%, Number of sales 34, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3095th in the list of Australian suburbs ordered by increase in median house value over the last year, Success, 6164 is in the BOTTOM 30% with a property value increase of -1.85% recorded in median house prices.

Success,6164 has offered an average of -1.85% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Success, 6164. Typically our figures indicate that -7.00% is being offered, which puts this WA suburb at 1262th most discounted overall in Australia.

Residents and property investors in Success have been waiting around 90.24 days to sell a property.

Success, 6164’s gross rental yield is 4.22%

Success, 6164 ranked 60th in WA when comparing growth in median property values or capital gain over the last 12 months. Success is one of 1662 in our list for WA

Taking the average capital gain, or increase in median house value, Success,6164 has racked up an average of -5.60% over the period. This ranks it number 1647th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Success is offering property investors an average of -8.20. This rate of discount on properties puts Suburb at number 15th in terms of most discounted suburbs in WA

With the median price for a house in Success being $354000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.14%

Luke Dawson Information supplied by:

Luke Dawson
First National Real Estate Tully

M 9417 1199
O 0403 789 004

W http://www.tullyrealestate.com.au/
E luke@tullyrealestate.com.au
Success is a modern, well-appointed suburb with lots of parks, good schools and easy access to all major transport routes.

Investment property in Suburb has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.19%.

A 10.99% growth in median value for property investors in Success,6164 puts this suburb at number 147th in terms of best performing suburbs in WA.

The most recent median price for Success is $515000, with sellers offering an average of -3.90% off the asking price.

Often selling an investment property can take time, and in Success the average time real estate has been on the market is 53.72 days.
Advertised rents are around the $490 mark per week – giving a return of 4.95% based on the median price in Suburb.Full summary
Success is a modern, well-appointed suburb with lots of parks, good schools and easy access to all major transport routes. 
 
Investment property in Suburb has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.19%.
 
A 10.99% growth in median value for property investors in Success,6164 puts this suburb at number 147th in terms of best performing suburbs in WA.
 
The most recent median price for Success is $515000, with sellers offering an average of -3.90% off the asking price.
 
Often selling an investment property can take time, and in Success the average time real estate has been on the market is 53.72 days.
Advertised rents are around the $490 mark per week – giving a return of 4.95% based on the median price in Suburb.
 
Selling points: Close to transport, schools, shops and all major amenities.
 
Most sought after properties: 4 Bedroom 2 Bathroom Family homes on 550sqm+ blocks.
 
Most common properties:  4 Bedroom 2 Bathroom homes on 400 – 500sqm blocks.
 
Top amenities: Cockburn Gateways Shopping Centre, Cockburn Central Train Station and Success recreational facility.
 
Local industry and business: Most of the industry and business in the suburb is retail.
 
Recent changes: Upgrades to Cockburn Gateways plus the addition of a Medical Centre.
 
Best streets: The most sought after streets are generally quiet cul de sacs away from main roads. The Beronia Estate is very popular offering a lovely parkland vista and the most modern sub-division in Success. 
 
Public transport: A number of bus services that al lead to the Cockburn Central Train Station and the soon to be built Aubin Grove Train Station (Due for Completion in 2016 Russell Road)
 
Main arteries: Wentworth Parade and Hammond Road provide access to Russell Road and Beeliar Drive providing easy access to the freeway north or south.

 

Close
HOUSE UNIT
$530,000 $354,000
1.44% -0.28%
-1.85% -5.60%
4.39% 0.07%
$430 $350
116 34
4.22% 5.14%
90.24 96.8

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 8509
Median household income ($/weekly) 1913
Median age of persons 31
Median housing loan repayment ($/monthly) 2200
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 842 9.9
    5-14 years 1176 13.8
    25-34 years 1840 21.6
    35-44 years 1480 17.4
    45-54 years 960 11.3
    Others 2212 26.0
    Age Group
    Census Count Percent(%)
    Registered Married 3292 55.8
    Not Married 1949 33.0
    Defacto Relationship 662 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4978 61.1
    Papua New Guinea 261 3.2
    South Africa 284 3.5
    United Kingdom 782 9.6
    Other 441 5.4
    Others 1404 17.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 220 2.8
    Christianity 5160 65.4
    Hinduism 141 1.8
    Islam 170 2.2
    No Religion 2104 26.7
    Others 93 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 194 7.6
    $1,500-$1,999 366 14.4
    $2,000-$2,499 359 14.1
    $2,500-$2,999 378 14.9
    $3,000-$3,499 237 9.3
    Others 1004 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3195 51.5
    Not in the labour force 1406 22.7
    Employed, worked part-time 1139 18.4
    Employed, away from work 282 4.5
    Unemployed, looking for work 178 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 476 10.3
    Professionals 937 20.3
    Technicians & trades workers 862 18.7
    Community & personal service workers 394 8.5
    Clerical & administrative workers 783 17.0
    Others 1163 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 170 8.4
    Infants/Primary 758 37.4
    Secondary 461 22.7
    Technical or Further Educational Institution 223 11.0
    University or other Tertiary Institutions 358 17.7
    Others 58 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7048 88.3
    Semi-detached, row or terrace house, townhouse 544 6.8
    Flat, unit or apartment 332 4.2
    Caravan, cabin, houseboat 52 0.7
    Improvised home, tent, sleepers out 5 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1690 59.7
    Rented 652 23.0
    Fully owned 426 15.0
    Other tenure type 65 2.3
    Tenure Type
Census 2011, ABS
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