Suburb Profile Report for West Leederville WA (6007)

West Leederville House: Median price $1,125,000, Annual capital growth 3.03%, Number of sales 39, Weekly median advertised rent $600

West Leederville Unit: Median price $530,000, Annual capital growth 7.88%, Number of sales 74, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 2.27% for the last 12 months, West Leederville, 6007 has performed for property investments than its average annual 3.03% property growth over the last 5 years.

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

Our latest figures would indicate that property sellers in West Leederville are currently offering property investors an average price cut of -3.03% below the asking price at the moment.

Residents and property investors in West Leederville have been waiting around 52 days to sell a property.

With the median price for a house in West Leederville being $1125000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 2.77%

At number 1299th in the list of Australian suburbs ordered by increase in median house value over the last year, West Leederville, 6007 is in the BOTTOM 30% with a property value increase of -2.75% recorded in median house prices.

A -10.92% growth in median value for property investors in West Leederville,6007 puts this suburb at number 44th in terms of best performing suburbs in WA

Property investors looking for a bargain in West Leederville should be aiming for at least -7.16% off the asking price, which is the average vendor discount being achieved at the moment.

The WA suburb of West Leederville, 6007 is in the Cambridge local government area.

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
$1,125,000 $530,000
-5.26% -0.93%
2.27% -2.75%
3.03% 7.88%
$600 $320
39 74
2.77% 3.14%
52 90.78

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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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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