Suburb Profile Report for Leda WA (6170)

Leda House: Median price $325,000, Annual capital growth 2.41%, Number of sales 43, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Expert Report

With a capital gain of -4.13% for the last 12 months, Leda, 6170 has performed for property investments than its average annual 2.41% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Leda has increased when compared to the 5 year average annual rate.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.15% offered to property buyers. Sellers in Leda itself are offering an average vendor discount of -9.00% to real estate investors.

Residents and property investors in Leda have been waiting around 122.04 days to sell a property.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.12%, without taking into account capital value appreciation, which has been averaging out at 2.41%.

YIP MAG Information supplied by:

YIP MAG
July 2016

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Leda is a major suburb in the City of Kwinana. With a median house price of just $312,000, it is one of the more affordable suburbs in the state.Full summary Leda is a major suburb in the City of Kwinana. With a median house price of just $312,000, it is one of the more affordable suburbs in the state.

Being only roughly 30 minutes away from Perth, Leda is mainly populated by younger adults in their ’20s and ’30s.

A significant proportion of the market is composed of renters who enjoy this proximity.

As a result, investors have enjoyed rental yields of over 5% for both houses and units over the past 12 months.

The house market experienced a considerable decline of 6.9%, while units saw 1.2% growth.

This is likely because the majority of the tenants are single.

There are two educational institutions in this suburb – a primary school and an education support centre.

Access to the CBD is also easy via bus and train.

While Leda’s prospects for capital growth are on the low side based on CoreLogic RP Data stats, OnTheHouse.com.au experts expect the housing market to recover in the next five years.

Indeed, the influx of young professionals and the strong rental market could boost its profile in the near future.Close
HOUSE UNIT
$325,000 N/A
0.00% N/A
-4.13% N/A
2.41% N/A
$320 N/A
43 N/A
5.12% N/A
122.04 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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Demographics
Total population 3358
Median household income ($/weekly) 1373
Median age of persons 27
Median housing loan repayment ($/monthly) 1907
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 350 10.4
    5-14 years 616 18.3
    25-34 years 589 17.5
    35-44 years 519 15.5
    45-54 years 375 11.2
    Others 909 27.1
    Age Group
    Census Count Percent(%)
    Registered Married 917 43.5
    Not Married 855 40.6
    Defacto Relationship 336 15.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2163 71.6
    Papua New Guinea 237 7.8
    Philippines 52 1.7
    United Kingdom 236 7.8
    Other 153 5.1
    Others 179 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 1.2
    Christianity 1683 59.6
    Islam 30 1.1
    Other Religious Groups 21 0.7
    No Religion 1047 37.1
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 80 9.3
    $800-$999 80 9.3
    $1,250-$1,499 97 11.3
    $1,500-$1,999 134 15.5
    $2,000-$2,499 112 13.0
    Others 359 41.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 963 44.4
    Not in the labour force 622 28.7
    Employed, worked part-time 373 17.2
    Unemployed, looking for work 117 5.4
    Employed, away from work 96 4.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 154 10.7
    Technicians & trades workers 266 18.6
    Clerical & administrative workers 183 12.8
    Machinery operators & drivers 199 13.9
    Labourers 217 15.1
    Others 414 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 60 7.4
    Infants/Primary 340 42.2
    Secondary 249 30.9
    Technical or Further Educational Institution 82 10.2
    University or other Tertiary Institutions 59 7.3
    Others 16 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2362 78.0
    Semi-detached, row or terrace house, townhouse 665 22.0
    Flat, unit or apartment 0 0.0
    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 562 56.9
    Rented 304 30.8
    Fully owned 122 12.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals