Suburb Profile Report for Claremont WA (6010)

Claremont House: Median price $1,503,750, Annual capital growth 1.25%, Number of sales 99, Weekly median advertised rent $815

Claremont Unit: Median price $640,000, Annual capital growth 1.31%, Number of sales 100, Weekly median advertised rent $450

  • 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

Claremont has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 3.00% to date .

Taking the average capital gain, or increase in median house value, Claremont,6010 has racked up an average of 3.00% over the period. This ranks it number 1630th in the whole country for real estate investors looking at median house price increases.

Claremont, 6010 is offering WA ‘s 339th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this WA.

On average over the past year, suburb has had 8.25 sales per month, which equates to 99 per year.

Property investors should expect to get $815 weekly from the median priced house in this suburb.

Over the last year, property investments in Claremont, 6010 have given investors a capital gain of -12.33%. This compares badly with the -6.57% for WA as a whole.

Across a shorter period, Claremont, 6010 has seen a median price increase of 1.59% over the last quarter.

Vendor discounting in Claremont is giving property investors an average Vendor Discount of around -9.02%. This puts suburb at number 40th in WA when ranking the most discounted suburbs.

In the last year 100 properties changed hands in Claremont, which puts it as the 11th most active market in WA when comparing the number of sales per suburb.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Richard Young Information supplied by:

Richard Young
Caporn Young Claremont

M 08 9385 5559
O 0412 385 056

W www.capornyoung.com.au
E Richard@capornyoung.com.au

Selling points: Claremont is a blue chip suburb which is appealing to any investor as it offers both security and a sustained high return on investment. Its prime location being near the river, easy access to the city and surrounded by some of Perth’s prestigious schools are some of the main selling points. Claremont properties achieve strong long-term capital growth and the lower-priced properties continue to yield high rental returns.

Most sought after properties: At the moment, there is high demand for tired properties with larger land holding, knock-over projects with development potential and certain streets are in demand (primarily ones that are closest to the schools and the river). Any well priced apartments sub $600k are moving quickly as well.

Most common properties: A mixture of houses, townhouses and apartments. Amongst the houses, there is a mixture of character homes as well as contemporary homes. The apartment complexes range from small 1 bedders to luxury penthouses around the Claremont Quarter.

Top amenities: Prestigious private schools such as Methodist Ladies' College, Christ Church Grammar School, Presbyterian Ladies' College and Scotch College, close proximity to the Swan River, Claremont Quarter and Bay View Terrace shopping strip, Claremont Showgrounds (host of the Perth Royal Show), close to train station and bus services.

Local industry and business: Retail, real estate and hospitality.

Recent changes: The new Claremont Quarter has recently been completed which is home to many high fashion stores, luxury apartment complexes are part of the Quarter’s development, Bay View Terrace strip has recently been gentrified.

Best streets: On quiet, tree lined streets near the river; people like to be in walking distance to the water’s edge, within walking distance of the local schools.

Public transport: Claremont has 2 main railway stations (Claremont & Loch St) which runs regularly, there is also the Showgrounds railway station which only runs during special events. There are various buses that run throughout the area which makes it extremely accessible.

Main arteries: Stirling Highway is the main arterial route that runs through Claremont. It links the city to Fremantle. Claremont is located in between these two major hubs making it extremely easy to get into the Perth CBD and the port city of Fremantle.

Metrics i HOUSE UNIT
$1,503,750 $640,000
-1.78% 1.59%
3.00% -12.33%
1.25% 1.31%
$815 $450
99 100
2.82% 3.66%
56.7611940298508 114.75

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), Below average (U)
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Demographics
Total population 7592
Median household income ($/weekly) 1674
Median age of persons 42
Median housing loan repayment ($/monthly) 2600
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 898 11.8
    35-44 years 815 10.7
    45-54 years 969 12.8
    55-64 years 933 12.3
    65-74 years 810 10.7
    Others 3168 41.7
    Age Group
    Census Count Percent(%)
    Not Married 2563 46.9
    Registered Married 2483 45.4
    Defacto Relationship 418 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4665 67.0
    Papua New Guinea 145 2.1
    South Africa 147 2.1
    United Kingdom 749 10.8
    Other 333 4.8
    Others 919 13.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 103 1.5
    Christianity 4543 68.4
    Hinduism 84 1.3
    Islam 60 0.9
    No Religion 1773 26.7
    Others 83 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 217 8.0
    $1,500-$1,999 269 9.9
    $2,500-$2,999 439 16.1
    $3,000-$3,499 199 7.3
    $4,000 or more 260 9.5
    Others 1343 49.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2339 39.4
    Employed, worked full-time 1964 33.1
    Employed, worked part-time 1308 22.1
    Employed, away from work 188 3.2
    Unemployed, looking for work 132 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 603 17.4
    Professionals 1412 40.8
    Community & personal service workers 335 9.7
    Clerical & administrative workers 401 11.6
    Sales 290 8.4
    Others 417 12.1
    Occupation
    Census Count Percent(%)
    Pre-school 81 4.4
    Infants/Primary 498 27.3
    Secondary 427 23.4
    Technical or Further Educational Institution 105 5.8
    University or other Tertiary Institutions 677 37.1
    Others 36 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4500 68.4
    Flat, unit or apartment 1365 20.7
    Semi-detached, row or terrace house, townhouse 709 10.8
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1200 40.4
    Rented 974 32.8
    Being purchased 710 23.9
    Other tenure type 89 3.0
    Tenure Type
Census 2011, ABS
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