Suburb Profile Report for Clarkson WA (6030)

Clarkson House: Median price $352,500, Annual capital growth -0.49%, Number of sales 170, Weekly median advertised rent $350

Clarkson Unit: Median price $276,000, Annual capital growth -2.84%, Number of sales 12, Weekly median advertised rent $310

  • 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.

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  • House Report
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If you compare the increase in value of investment property in Clarkson, 6030 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -4.47%.

When looking at the potential capital gains offered to property investors over the last 3 years, Clarkson comes in at number 332th in WA.

Property investors looking for a bargain in Clarkson should be aiming for at least -8.21% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of -0.49%, investors should hope to achieve an overall return of 5.16%

Clarkson is an average performer in WA when comparing median price capital growth over the last year. Clarkson gave property investors a average capital gain figure when compared to the rest of the state, with -8.46%.

Comparing Clarkson,6030 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

In the last year 12 properties changed hands in Clarkson, which puts it as the 104th most active market in WA when comparing the number of sales per suburb.

With the median price for a house in Clarkson being $276000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.84%

Chris Kotsopoulos Information supplied by:

Chris Kotsopoulos
Century 21

M 0400 241 017
O

W www.century21.com.au/goldkey
E chris@c21goldkey.com.au

Selling points: Clarkson is the sleeping giant of the northern suburbs, just only 30 minutes from the Perth CBD.  Properties are young and have fantastic depreciation value.  Infrastructure is coming along and Clarkson has its own station on the northern train line that provides easy access to the Joondalup Shopping District and Perth CBD.  It is a five-minute drive to the local beaches and Mindarie Marina. Even in challenging times Clarkson has always experienced higher numbers of sales than neighbouring suburbs.

Most sought after properties: Three and four-bedroom homes up to $350,000 have good rental returns. Four-bedroom homes in the Somerly area priced between $400,000 and $500,000 also sell well. Apartments near the train station up to $320,000 in price are very attractive to investors.

Most common properties: Has a good cross section of homes but characterised mainly by four-bedroom, two-bathroom houses.

Top amenities: The Ocean Keys Commercial Shopping District, local tavern and restaurants have created a cosmopolitan lifestyle for residents of Clarkson. The suburb has several schools and is close to the beach.

Local industry and business: Most residents commute to the city or are self-employed tradespeople.  However, many work in the Ocean Keys Shopping Centre precinct also.

Recent changes: The launch of the Somerly Estate around the 2004-05 period created an area that residents aspired to live in.

Best streets: The Somerly Estate, Observatory Drive and surrounding streets are elevated, which attract higher sales prices.  These areas generally only get local traffic too.

Public transport: The northern train line ends in Clarkson, which is also serviced by buses going through the suburb to the station.  Traffic congestion should ease in the coming years thanks to a planned extension.

Main arteries: The much anticipated extension of the Mitchell Freeway into Clarkson should add to the value of investments in the area. 

 

Metrics i HOUSE UNIT
$352,500 $276,000
0.71% -0.81%
-4.47% -8.46%
-0.49% -2.84%
$350 $310
170 12
5.16% 5.84%
96.4421768707483 95.8

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 : Above average (H), Balanced (U)
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Demographics
Total population 11687
Median household income ($/weekly) 1481
Median age of persons 28
Median housing loan repayment ($/monthly) 2000
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 1189 10.2
    5-14 years 1734 14.8
    25-34 years 2257 19.3
    35-44 years 1953 16.7
    45-54 years 1397 12.0
    Others 3157 27.0
    Age Group
    Census Count Percent(%)
    Registered Married 3466 44.6
    Not Married 3073 39.6
    Defacto Relationship 1224 15.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 6016 55.9
    Papua New Guinea 657 6.1
    South Africa 382 3.6
    United Kingdom 1972 18.3
    Other 772 7.2
    Others 955 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 213 2.1
    Christianity 6142 60.0
    Hinduism 116 1.1
    Islam 334 3.3
    No Religion 3343 32.7
    Others 83 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 339 10.0
    $1,250-$1,499 321 9.5
    $1,500-$1,999 552 16.4
    $2,000-$2,499 446 13.2
    $2,500-$2,999 347 10.3
    Others 1371 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3740 46.5
    Not in the labour force 2032 25.3
    Employed, worked part-time 1512 18.8
    Employed, away from work 389 4.8
    Unemployed, looking for work 372 4.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 810 14.4
    Technicians & trades workers 1142 20.2
    Community & personal service workers 634 11.2
    Clerical & administrative workers 809 14.3
    Labourers 684 12.1
    Others 1561 27.7
    Occupation
    Census Count Percent(%)
    Pre-school 194 7.0
    Infants/Primary 1075 39.0
    Secondary 702 25.5
    Technical or Further Educational Institution 315 11.4
    University or other Tertiary Institutions 377 13.7
    Others 93 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9832 92.2
    Semi-detached, row or terrace house, townhouse 684 6.4
    Flat, unit or apartment 153 1.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2000 52.7
    Rented 1393 36.7
    Fully owned 390 10.3
    Other tenure type 12 0.3
    Tenure Type
Census 2011, ABS
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