Suburb Profile Report for Doubleview WA (6018)

Doubleview House: Median price $705,000, Annual capital growth 1.54%, Number of sales 171, Weekly median advertised rent $450

Doubleview Unit: Median price $477,500, Annual capital growth 0.69%, Number of sales 29, Weekly median advertised rent $320

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

Doubleview is an average performer in WA when comparing median price capital growth over the last year. Doubleview gave property investors a average capital gain figure when compared to the rest of the state, with -2.22%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Doubleview has increased when compared to the 5 year average annual rate.

Doubleview6018 is located in WA which offers an average discount of -7.92% to property investors. Doubleview itself is showing figures that indicate -5.59% is the average achievable by property buyers investing in the suburb.

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

WA has seen average median house prices change by -5.44% which means that Doubleview, 6018 has not done well for property investors by showing a capital gain of 11.05% over the last year

Over the longer term, Doubleview has seen property prices show investors a -2.55% return over the last 3 years. This is an improvement over the last 12 months

At number 79th of WA’s most discounted properties, Doubleview is in the TOP 20% of the state/territory when listing in order of most discounted to least.

With the median price for a house in Doubleview being $477500 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 3.48%

Information supplied by:


August 2018

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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 periodFull summary

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.

Close
Metrics i HOUSE UNIT
$705,000 $477,500
1.73% 0.26%
-2.22% 11.05%
1.54% 0.69%
$450 $320
171 29
3.32% 3.48%
57.15 72.72

Source: CoreLogic

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