Suburb Profile Report for Floreat WA (6014)

Floreat House: Median price $1,290,000, Annual capital growth 1.28%, Number of sales 112, Weekly median advertised rent $663

Floreat Unit: Median price $670,000, Annual capital growth -1.84%, Number of sales 21, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Floreat has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.79%

Taking the average capital gain, or increase in median house value, Floreat,6014 has racked up an average of 9.79% over the period. This ranks it number 3373th in the whole country for real estate investors looking at median house price increases.

At number 234th of WA’s most discounted properties, Floreat is in the middle of the state/territory when listing in order of most discounted to least.

At number 1762 in a list of fastest selling suburbs, Floreat is just in the top half of suburbs in Australia with an average of days on market 68.92 for properties listed there.

Property investors should expect to get $662.5 weekly from the median priced house in this suburb.

Floreat, 6014 ranked 48th in WA when comparing growth in median property values or capital gain over the last 12 months. Floreat is one of 1662 in our list for WA

In the last year 21 properties changed hands in Floreat, which puts it as the 80th most active market in WA when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $5760 per annum or $480 every week.

Information supplied by:


July 2017

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In spite of Perth’s negative trend, the premium suburb of Floreat defies the norm by continuing to record growth over the 12 months to April 2017.Full summary

In spite of Perth’s negative trend, the premium suburb of Floreat defies the norm by continuing to record growth over the 12 months to April 2017.

House prices increased by 3% during this period, with the median value clocking in at just over $1,250,000. This continues a fairly steady positive trend observed over the recent five-year period and shows there is growth potential here, even though the average rental yield is low at just 2.9%.

Floreat’s proximity to the Perth CBD likely contributes to the interest in the suburb, as it’s just 8km from the capital. Moreover, it’s loaded with amenities, including a shopping centre, restaurants, sports venues and several schools.

Close
Metrics i HOUSE UNIT
$1,290,000 $670,000
0.31% N/A
9.79% -3.60%
1.28% -1.84%
$663 $480
112 21
2.67% 3.73%
68.92 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 7228
Median household income ($/weekly) 2598
Median age of persons 39
Median housing loan repayment ($/monthly) 2700
Average household size 3
  • Census Count Percent(%)
    5-14 years 1232 17.0
    15-19 years 596 8.2
    35-44 years 1043 14.4
    45-54 years 1260 17.4
    55-64 years 825 11.4
    Others 2273 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 3108 59.7
    Not Married 1840 35.4
    Defacto Relationship 256 4.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5250 74.8
    Papua New Guinea 110 1.6
    South Africa 151 2.2
    United Kingdom 640 9.1
    Other 232 3.3
    Others 636 9.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 68 1.0
    Christianity 4734 69.5
    Hinduism 35 0.5
    Islam 33 0.5
    No Religion 1898 27.9
    Others 43 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 180 8.5
    $2,500-$2,999 373 17.7
    $3,000-$3,499 267 12.7
    $3,500 -$3,999 141 6.7
    $4,000 or more 343 16.3
    Others 802 38.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2065 38.6
    Not in the labour force 1639 30.6
    Employed, worked part-time 1325 24.8
    Employed, away from work 215 4.0
    Unemployed, looking for work 107 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 636 17.6
    Professionals 1521 42.2
    Community & personal service workers 266 7.4
    Clerical & administrative workers 466 12.9
    Sales 293 8.1
    Others 425 11.8
    Occupation
    Census Count Percent(%)
    Pre-school 157 6.9
    Infants/Primary 858 37.6
    Secondary 597 26.2
    Technical or Further Educational Institution 75 3.3
    University or other Tertiary Institutions 564 24.7
    Others 28 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6916 99.1
    Semi-detached, row or terrace house, townhouse 43 0.6
    Flat, unit or apartment 20 0.3
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1059 44.8
    Being purchased 942 39.9
    Rented 348 14.7
    Other tenure type 13 0.6
    Tenure Type
Census 2011, ABS
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