Suburb Profile Report for West Leederville WA (6007)

West Leederville House: Median price $1,100,000, Annual capital growth 1.80%, Number of sales 49, Weekly median advertised rent $620

West Leederville Unit: Median price $470,000, Annual capital growth 8.36%, Number of sales 47, Weekly median advertised rent $323

  • 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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WA has seen average median house prices change by -2.74% which means that West Leederville, 6007 has not done well for property investors by showing a capital gain of -9.09% over the last year

Taking the average capital gain, or increase in median house value, West Leederville,6007 has racked up an average of -9.09% over the period. This ranks it number 2634th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Leederville, 6007. Typically our figures indicate that -9.19% is being offered, which puts this WA suburb at 453th most discounted overall in Australia.

At number 360 in a list of fastest selling suburbs, West Leederville is in the TOP 10% of suburbs in Australia with an average of days on market 51.0294 for properties listed there.

Property investors who have had real estate in West Leederville, 6007 should be relatively unhappy 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 -9.18%

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

Property buyers and investors in West Leederville 6007 should be seeing an average reduction in asking price of around -9.04% . This means that West Leederville is holding prices well when compared to other suburbs in WA.

Residents and property investors in West Leederville have been waiting around 106.6 days to sell a property.

Information supplied by:


November 2017

M
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W
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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.

Metrics i HOUSE UNIT
$1,100,000 $470,000
-4.35% -0.53%
-9.09% -9.18%
1.80% 8.36%
$620 $323
49 47
2.93% 3.57%
51.0294117647059 106.6

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 : Balanced (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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