Suburb Profile Report for West Leederville WA (6007)

West Leederville House: Median price $1,095,000, Annual capital growth 1.88%, Number of sales 58, Weekly median advertised rent $590

West Leederville Unit: Median price $445,000, Annual capital growth 6.73%, Number of sales 40, Weekly median advertised rent $400

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

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

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If you compare the increase in value of investment property in West Leederville, 6007 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -9.35%.

West Leederville,6007 has offered an average of -9.35% return per annum in house price rises to property investors over the last three years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.91% offered to property buyers. Sellers in West Leederville itself are offering an average vendor discount of -5.59% to real estate investors.

On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.

A $590 per week rent on the median house gives suburb investors a gross yield of circa 2.80%, without taking into account capital value appreciation, which has been averaging out at 1.88%.

With a capital gain of -10.55% for the last 12 months, West Leederville, 6007 has performed for property investments than its average annual 6.73% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, West Leederville comes in at number 61th in WA.

Our latest figures would indicate that property sellers in West Leederville are currently offering property investors an average price cut of -12.04% below the asking price at the moment.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.67%, without taking into account capital value appreciation, which has been averaging out at 6.73%.

Information supplied by:


November 2017

M
O

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
$1,095,000 $445,000
1.62% 0.00%
-9.35% -10.55%
1.88% 6.73%
$590 $400
58 40
2.80% 4.67%
50.1351351351351 83.8181818181818

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

DSR Score for property investment : Above average (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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