Suburb Profile Report for Highgate WA (6003)

Highgate House: Median price $860,000, Annual capital growth 2.79%, Number of sales 18, Weekly median advertised rent $523

Highgate Unit: Median price $407,500, Annual capital growth 2.70%, Number of sales 31, Weekly median advertised rent $350

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

If you compare the increase in value of investment property in Highgate, 6003 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this WA suburb was 6.17%.

Using the current median advertised rental of $522.5 and the average annual increase in value of a median property of 2.79%, investors should hope to achieve an overall return of 3.16%

WA has seen average median house prices change by -6.57% which means that Highgate, 6003 has not done well for property investors by showing a capital gain of 1.88% over the last year

If we look at median property appreciation over just the last three months, Highgate has given property investors a paper return of -2.98%. This puts Suburb as 69 on a list of fastest fasting appreciating suburbs in WA

The most recent median price for Highgate is $407500, with sellers offering an average of -7.67% off the asking price.

On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Garry Bishop Information supplied by:

Garry Bishop
Homestead Realty

M 92276488
O 0414825855

W www.homesteadrealty.com.au
E garry@homesteadrealty.com.au
Highgate is one of the smallest suburbs in Perth. An eclectic mix of character Homes and Apartments.   
 
If you compare the increase in value of investment property in HIGHGATE, 6003 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 7.48%.
 
Across a shorter period, HIGHGATE, 6003 has seen a median price increase of 8.22% over the last quarter.
 
Property investors looking for a bargain in HIGHGATE should be aiming for at least -6.00% off the asking price, which is the average vendor discount being achieved at the moment.
 
Selling points: Proximity to the vibrant Beaufort Street precinct, Hyde Park, Northbridge and CBD. 
 
Most sought-after properties:  Character homes in Mary, Chatsworth and Harley Streets – Mary Street has city views. 
 
Most common properties: Character cottages and Apartments.
 
Top amenities:  Cafes, Restaurants Bars of Beaufort Street, Hyde Park, proximity to the CBD.
 
Local industry and business:  Restaurants, Cafes and Bar’s, shopping Retail
 
Recent changes:  Rejuvenation of large sites into Apartments.
 
Best streets:  Mary, Chatsworth, Harley, St Albans, Glendower Street.
 
Public transport: Train and Bus 
 
Main arteries: William and Beaufort Street  
Metrics i HOUSE UNIT
$860,000 $407,500
0.06% -2.98%
6.17% 1.88%
2.79% 2.70%
$523 $350
18 31
3.16% 4.47%
76.7692307692308 110.954545454545

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Poor (H), Balanced (U)
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Demographics
Total population 1941
Median household income ($/weekly) 1266
Median age of persons 33
Median housing loan repayment ($/monthly) 2125
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 199 10.3
    25-34 years 608 31.3
    35-44 years 302 15.6
    45-54 years 227 11.7
    55-64 years 207 10.7
    Others 398 20.5
    Age Group
    Census Count Percent(%)
    Not Married 823 54.5
    Registered Married 408 27.0
    Defacto Relationship 280 18.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 893 50.9
    Papua New Guinea 49 2.8
    United Kingdom 140 8.0
    Viet Nam 69 3.9
    Other 186 10.6
    Others 417 23.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 120 7.1
    Christianity 789 46.8
    Hinduism 32 1.9
    Islam 38 2.3
    No Religion 676 40.1
    Others 30 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 66 8.1
    $400-$599 73 9.0
    $1,000-$1,249 67 8.3
    $1,500-$1,999 97 12.0
    $2,500-$2,999 91 11.2
    Others 417 51.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 765 48.0
    Not in the labour force 411 25.8
    Employed, worked part-time 287 18.0
    Unemployed, looking for work 71 4.5
    Employed, away from work 61 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 148 13.3
    Professionals 396 35.5
    Technicians & trades workers 117 10.5
    Community & personal service workers 109 9.8
    Clerical & administrative workers 138 12.4
    Others 206 18.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 64 16.1
    Secondary 43 10.8
    Technical or Further Educational Institution 92 23.1
    University or other Tertiary Institutions 153 38.4
    Other type of educational institution 37 9.3
    Others 9 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 709 41.6
    Separate house 551 32.4
    Semi-detached, row or terrace house, townhouse 440 25.8
    House or flat attached to a shop, office 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 553 63.6
    Being purchased 177 20.3
    Fully owned 140 16.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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