Suburb Profile Report for Northbridge WA (6003)

Northbridge Unit: Median price $405,000, Annual capital growth -0.99%, Number of sales 25, Weekly median advertised rent $395

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • Unit Report

If you compare the increase in value of investment property in Northbridge, 6003 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -10.99%.

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

Vendor discounting in Northbridge is giving property investors an average Vendor Discount of around -11.29%. This puts suburb at number 9th in WA when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.

Property investors should expect to get $395 weekly from the median priced house in this suburb.

James Limnios Information supplied by:

James Limnios
Limnios Realty

M 08 9328 3866


Selling points: Northbridge is an older inner city suburb, which is undergoing a major transformation because of massive new private and government sector investment in the area. A key infrastructure project is the City Link project, which will ensure Northbridge is linked directly to the city centre by rail for the first time in over 100 years. There is also an undersupply of properties in the area and we are now seeing an upward pressure on prices. Its inner city location, major new infrastructure and lack of supply make Northbridge a ‘no brainer’ for astute investors.

Most sought after properties: One bedroom units are in high demand because more people are now living alone in Perth. Also larger, higher quality apartments are in growing demand from baby boomers wanting to downsize and live in inner city locations, which are close to cafes and restaurants.

Most common properties: There are a growing number of new apartment developments being constructed in Northbridge. In addition, there are older style smaller residential stand-alone homes, which predate World War II.

Top amenities: Northbridge has long been regarded as the entertainment and multicultural centre of Perth with a wide variety of restaurants and cafes in the area. The amenities of the area have been boosted with the recent opening of the Heath Ledger Theatre and the soon to be completed Perth Arena, which will host major international concerts and sporting events.

Local industry and business: The major local employers are cafes and restaurants as well as businesses connected to accommodation such as hotels.

Recent changes: Over the last 10 years, Northbridge has been transformed through a number of government initiatives. This renaissance of the area began with the construction of the Northbridge underground tunnel, linking the west of the city to the east. The transformation of Northbridge has continued with the massive City Link project, which is currently underway.

Best streets: Homes which overlook parks in the area are tending to achieve a higher resale value because of the growing focus on outdoor living.

Public transport: In the Perth inner city area there is a free CAT bus system and Northbridge is part of this system. This means it is an excellent public transport resource for locals living in the area.

Main arteries: Northbridge is walking distance from the inner city and will be even closer when the railway dividing the suburb and the CBD area of Perth is sunk in just a few years. There is also relatively easy access to Perth airport via the Northbridge Tunnel and also the coastal beaches via the nearby Mitchell Freeway.

Metrics i HOUSE UNIT
N/A $405,000
N/A -5.04%
N/A -10.99%
N/A -0.99%
N/A $395
N/A 25
N/A 5.07%
N/A 95.6

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Poor (H), Above average (U)
Find a mortgage broker in Northbridge WA
Total population 1007
Median household income ($/weekly) 1666
Median age of persons 29
Median housing loan repayment ($/monthly) 2102
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 186 18.5
    25-34 years 461 45.8
    35-44 years 131 13.0
    45-54 years 85 8.4
    55-64 years 57 5.7
    Others 86 8.5
    Age Group
    Census Count Percent(%)
    Not Married 405 57.1
    Defacto Relationship 158 22.3
    Registered Married 146 20.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 272 32.4
    Italy 58 6.9
    Lebanon 68 8.1
    United Kingdom 94 11.2
    Other 114 13.6
    Others 234 27.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 67 8.3
    Christianity 352 43.3
    Islam 14 1.7
    Other Religious Groups 13 1.6
    No Religion 363 44.7
    Others 3 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 37 10.4
    $1,250-$1,499 41 11.5
    $1,500-$1,999 54 15.2
    $2,500-$2,999 56 15.7
    $3,000-$3,499 32 9.0
    Others 136 38.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 414 50.4
    Employed, worked part-time 195 23.8
    Not in the labour force 133 16.2
    Unemployed, looking for work 46 5.6
    Employed, away from work 33 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 77 11.9
    Professionals 190 29.4
    Technicians & trades workers 97 15.0
    Community & personal service workers 75 11.6
    Clerical & administrative workers 88 13.6
    Others 119 18.4
    Census Count Percent(%)
    Infants/Primary 10 4.7
    Secondary 6 2.8
    Technical or Further Educational Institution 54 25.2
    University or other Tertiary Institutions 104 48.6
    Other type of educational institution 37 17.3
    Others 3 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 541 72.4
    Semi-detached, row or terrace house, townhouse 103 13.8
    House or flat attached to a shop, office 55 7.4
    Separate house 48 6.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 277 70.7
    Being purchased 82 20.9
    Fully owned 33 8.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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