Suburb Profile Report for Leederville WA (6007)

Leederville House: Median price $855,500, Annual capital growth 2.18%, Number of sales 36, Weekly median advertised rent $500

Leederville Unit: Median price $490,000, Annual capital growth -0.14%, Number of sales 47, Weekly median advertised rent $395

  • 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.

  • Expert Report
  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of -7.51% for the last year, Leederville, 6007 is the 3041th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Leederville comes in at number 93th in WA.

At number 799 in a list of fastest selling suburbs, Leederville is in the TOP 30% of suburbs in Australia with an average of days on market 60.087 for properties listed there.

Situated 2.84km from the CBD, Leederville is one of Vincent (C) localities in the postcode 6007.

Property investors who have had real estate in Leederville, 6007 should be ok with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.92%

Comparing Leederville,6007 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property buyers and investors in Leederville 6007 should be seeing an average reduction in asking price of around -8.68% . This means that Leederville is holding prices well when compared to other suburbs in WA.

Renters in Suburb are facing rents around $20540 per annum or $395 every week.

YIP MAG Information supplied by:

YIP MAG
September 2016

M
O

W
E
For those looking for an entry point to the housing market in inner Perth, Leederville may be a suburb to keep in mind.

The suburb is less than 5km northwest of the Perth CBD, and while its median house price of over $830,000 may seem steep to some, there are signs of improving affordability.

Price growth has cooled to just 5% over the past five years, while the median house price has dipped 6% in just the last 12 months.

Houses in the suburb do still seem relatively popular though, with the average time on market just 37 days.

There are some obvious signs why people may be quick to act when opportunities present themselves in Leederville.

The Perth CBD is an easy drive away via the Mitchell Freeway, while Leederville train station also offers easy access to the rest of the city.

Oxford Street, especially at the southern end, is a thriving entertainment option featuring a range of cafes, restaurants and bars
Metrics i HOUSE UNIT
$855,500 $490,000
-3.00% 3.00%
-7.51% -3.92%
2.18% -0.14%
$500 $395
36 47
3.04% 4.19%
60.0869565217391 67.96875

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 : Above average (H), Balanced (U)
Find a mortgage broker in Leederville WA
Demographics
Total population 2944
Median household income ($/weekly) 1907
Median age of persons 33
Median housing loan repayment ($/monthly) 2160
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 282 9.6
    25-34 years 880 29.9
    35-44 years 524 17.8
    45-54 years 312 10.6
    55-64 years 262 8.9
    Others 683 23.2
    Age Group
    Census Count Percent(%)
    Not Married 1082 49.6
    Registered Married 721 33.0
    Defacto Relationship 379 17.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1619 62.0
    Italy 93 3.6
    Japan 81 3.1
    United Kingdom 283 10.8
    Other 128 4.9
    Others 407 15.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 3.8
    Christianity 1389 55.1
    Hinduism 20 0.8
    Other Religious Groups 26 1.0
    No Religion 960 38.1
    Others 28 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 139 12.6
    $2,000-$2,499 91 8.3
    $2,500-$2,999 188 17.0
    $3,000-$3,499 87 7.9
    $4,000 or more 99 9.0
    Others 499 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1278 54.3
    Not in the labour force 479 20.4
    Employed, worked part-time 422 17.9
    Employed, away from work 110 4.7
    Unemployed, looking for work 64 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 225 12.4
    Professionals 805 44.5
    Technicians & trades workers 179 9.9
    Community & personal service workers 130 7.2
    Clerical & administrative workers 225 12.4
    Others 245 13.5
    Occupation
    Census Count Percent(%)
    Pre-school 27 5.3
    Infants/Primary 96 18.9
    Secondary 63 12.4
    Technical or Further Educational Institution 58 11.4
    University or other Tertiary Institutions 243 47.7
    Others 22 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1396 55.6
    Semi-detached, row or terrace house, townhouse 641 25.5
    Flat, unit or apartment 473 18.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 539 43.9
    Being purchased 353 28.8
    Fully owned 308 25.1
    Other tenure type 27 2.2
    Tenure Type
Census 2011, ABS
Chart Table