Suburb Profile Report for Doubleview WA (6018)

Doubleview House: Median price $665,000, Annual capital growth 0.98%, Number of sales 151, Weekly median advertised rent $500

Doubleview Unit: Median price $429,000, Annual capital growth 1.31%, Number of sales 17, Weekly median advertised rent $400

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

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

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With a capital gain of -7.89% for the last 12 months, Doubleview, 6018 has performed for property investments than its average annual 0.98% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Doubleview has given property investors a paper return of -7.64%. This puts Suburb as 426 on a list of fastest fasting appreciating suburbs in WA

Vendor discounting in Doubleview is giving property investors an average Vendor Discount of around -5.81%. This puts suburb at number 326th in WA when ranking the most discounted suburbs.

Advertised rents are around the $500 mark per week – giving a return of 3.91% based on the median price in Suburb

Over the last year, property investments in Doubleview, 6018 have given investors a capital gain of -8.24%. This compares averagely with the -4.63% for WA as a whole.

While Doubleview,6018 ranked number 24th in WA for increase in median house value (annualised) increase, it is ranked 29th over the last 5 years.

Information supplied by:


August 2018

M
O

W
E

Stock gets consumed

Postcode: 6018

Median unit price: $468,000

Stock on market: -24.6%

12-month growth: 3.8%

A suburb that provides excellent views of both the Indian Ocean and the Darling Range, Doubleview certainly deserves its moniker. As Western Australia begins its upward journey back to a healthy market, Doubleview has followed suit, with prices increasing over the May 2017-2018 period.

Apartment values shot up by 8.7% in the three months to May 2018, boosting the median price to $468,000. Demand could be enhanced by how existing property stock is finally being eaten up, as the supply of both houses and units dropped by nearly 25%.

Doubleview is nestled between Innaloo and Scarborough. Scarborough Beach Road is a busy street that is regarded as one of Doubleview’s main roads, making the suburb quite accessible, considering it is only 11km from the Perth CBD. Doubleview maintains four public parks, maximising the existing natural resources.

Metrics i HOUSE UNIT
$665,000 $429,000
-7.64% 4.76%
-7.89% -8.24%
0.98% 1.31%
$500 $400
151 17
3.91% 4.85%
56.1592920353982 86.5454545454545

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 7575
Median household income ($/weekly) 1709
Median age of persons 35
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 861 11.4
    25-34 years 1377 18.2
    35-44 years 1209 16.0
    45-54 years 1003 13.2
    55-64 years 720 9.5
    Others 2405 31.7
    Age Group
    Census Count Percent(%)
    Not Married 2473 44.4
    Registered Married 2417 43.4
    Defacto Relationship 679 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 5062 71.5
    Papua New Guinea 221 3.1
    South Africa 152 2.1
    United Kingdom 621 8.8
    Other 324 4.6
    Others 698 9.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 102 1.5
    Christianity 4468 65.8
    Hinduism 83 1.2
    Islam 41 0.6
    No Religion 2041 30.0
    Others 60 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 218 8.3
    $1,500-$1,999 296 11.2
    $2,000-$2,499 228 8.6
    $2,500-$2,999 351 13.3
    $3,000-$3,499 256 9.7
    Others 1289 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2582 44.8
    Not in the labour force 1549 26.9
    Employed, worked part-time 1205 20.9
    Employed, away from work 259 4.5
    Unemployed, looking for work 167 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 558 13.8
    Professionals 1317 32.5
    Technicians & trades workers 549 13.6
    Clerical & administrative workers 542 13.4
    Sales 348 8.6
    Others 737 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 112 6.7
    Infants/Primary 551 33.0
    Secondary 414 24.8
    Technical or Further Educational Institution 140 8.4
    University or other Tertiary Institutions 400 23.9
    Others 54 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5388 76.5
    Semi-detached, row or terrace house, townhouse 1246 17.7
    Flat, unit or apartment 408 5.8
    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(%)
    Being purchased 1096 37.6
    Rented 1051 36.1
    Fully owned 751 25.8
    Other tenure type 15 0.5
    Tenure Type
Census 2011, ABS
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