Suburb Profile Report for West Leederville WA (6007)

West Leederville House: Median price $1,222,500, Annual capital growth 3.77%, Number of sales 44, Weekly median advertised rent $600

West Leederville Unit: Median price $530,000, Annual capital growth 8.77%, Number of sales 64, Weekly median advertised rent $320

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

At number 520th in the list of Australian suburbs ordered by increase in median house value over the last year, West Leederville, 6007 is in the top 20% with a property value increase of 15.60% recorded in median house prices.

The five-year average increase in median property values for West Leederville,6007 has given property investors a potential capital gain of 24.74% across each of those five years.

West Leederville6007 is located in WA which offers an average discount of -8.02% to property investors. West Leederville itself is showing figures that indicate -5.54% is the average achievable by property buyers investing in the suburb.

West Leederville, 6007’s gross rental yield is 2.55%

Giving property investors a an unimpressive capital gain of -1.85% for the last year, West Leederville, 6007 is the 1153th highest performer in Australia in this respect.

Over the longer term, West Leederville has seen property prices show investors a 14.72% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in West Leederville 6007 should be seeing an average reduction in asking price of around -7.29% . This means that West Leederville is holding prices well when compared to other suburbs in WA.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 3.14%, without taking into account capital value appreciation, which has been averaging out at 8.77%.

Information supplied by:


November 2017

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Perth’s property market overall has weakened in the last three years, but units in this suburb have grown 20%Full summary

Unit market circumvents state downturn

Postcode: 6007

Median unit price: $540,000

Stock on market: -35.2%

12-month growth: 20.0%

Perth’s property market overall has weakened in the last three years, but units in this suburb have grown 20%.

Just 3km northwest of the Perth CBD, West Leederville seems to have escaped the recent downturn in the WA real estate market. Unit prices have grown 20% this year and 45.9% over the past five years. The current median sales price is $540,000.

The suburb backs on to Subiaco Oval, the home of Aussie rules in WA, and was the earliest area of residential subdivision in the Cambridge council region. West Leederville is well serviced by both trains and buses, and most properties boast a view of either the city or nearby Lake Monger. It’s also only 12km from the beach, and home to a high school for gifted children.

Close
Metrics i HOUSE UNIT
$1,222,500 $530,000
8.67% 0.00%
15.60% -1.85%
3.77% 8.77%
$600 $320
44 64
2.55% 3.14%
45.52 88.24

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 3807
Median household income ($/weekly) 1918
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 311 8.2
    25-34 years 807 21.2
    35-44 years 552 14.5
    45-54 years 474 12.5
    55-64 years 460 12.1
    Others 1203 31.6
    Age Group
    Census Count Percent(%)
    Not Married 1212 44.0
    Registered Married 1162 42.2
    Defacto Relationship 381 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2183 61.6
    Indonesia 110 3.1
    Italy 131 3.7
    United Kingdom 336 9.5
    Other 230 6.5
    Others 553 15.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 69 2.0
    Christianity 1902 55.8
    Hinduism 90 2.6
    Islam 47 1.4
    No Religion 1251 36.7
    Others 51 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 143 10.6
    $2,000-$2,499 97 7.2
    $2,500-$2,999 207 15.4
    $3,000-$3,499 121 9.0
    $4,000 or more 162 12.0
    Others 617 45.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1411 46.5
    Not in the labour force 841 27.7
    Employed, worked part-time 582 19.2
    Employed, away from work 118 3.9
    Unemployed, looking for work 80 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 312 14.8
    Professionals 893 42.3
    Technicians & trades workers 198 9.4
    Clerical & administrative workers 256 12.1
    Sales 157 7.4
    Others 293 13.9
    Occupation
    Census Count Percent(%)
    Pre-school 52 6.7
    Infants/Primary 213 27.5
    Secondary 133 17.2
    Technical or Further Educational Institution 78 10.1
    University or other Tertiary Institutions 267 34.5
    Others 31 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2264 67.8
    Flat, unit or apartment 577 17.3
    Semi-detached, row or terrace house, townhouse 499 14.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 586 40.0
    Fully owned 452 30.9
    Being purchased 421 28.7
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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