Suburb Profile Report for Floreat WA (6014)

Floreat House: Median price $1,282,000, Annual capital growth 1.69%, Number of sales 115, Weekly median advertised rent $685

Floreat Unit: Median price $670,000, Annual capital growth -1.86%, Number of sales 23, 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 12.60%

A 17.08% growth in median value for property investors in Floreat,6014 puts this suburb at number 74th in terms of best performing suburbs in WA

Situated 6.32km from the CBD, Floreat is one of Cambridge localities in the postcode 6014.

With a capital gain of -4.29% for the last 12 months, Floreat, 6014 has performed for property investments than its average annual -1.86% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Floreat,6014 has racked up an average of -4.29% over the period. This ranks it number 1491th in the whole country for real estate investors looking at median house price increases.

Using the current median advertised rental of $480 and the average annual increase in value of a median property of -1.86%, investors should hope to achieve an overall return of 3.73%

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
$1,282,000 $670,000
2.77% -3.60%
12.60% -4.29%
1.69% -1.86%
$685 $480
115 23
2.78% 3.73%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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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
Chart Table
Recent sales & rentals