Suburb Profile Report for Mount Lawley WA (6050)

Mount Lawley House: Median price $967,500, Annual capital growth 2.30%, Number of sales 108, Weekly median advertised rent $550

Mount Lawley Unit: Median price $410,000, Annual capital growth 1.51%, Number of sales 90, Weekly median advertised rent $315

  • 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.

  • Expert Report
  • House Report
  • Unit Report

Mount Lawley has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 4.03% to date .

Across a shorter period, Mount Lawley, 6050 has seen a median price increase of 2.93% over the last quarter.

Vendor discounting in Mount Lawley is giving property investors an average Vendor Discount of around -6.70%. This puts suburb at number 293th in WA when ranking the most discounted suburbs.

On average over the past year, suburb has had 9.00 sales per month, which equates to 108 per year.

Situated 2.84km from the CBD, Mount Lawley is one of Stirling (C) localities in the postcode 6050.

If you compare the increase in value of investment property in Mount Lawley, 6050 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this WA suburb was 8.32%.

The five-year average increase in median property values for Mount Lawley,6050 has given property investors a potential capital gain of -7.87% across each of those five years.

Sellers are offering property buyers an average discount of -8.14% to buyers in Mount Lawley at the moment, which is less than average for the rest of WA.

A $315 per week rent on the median house gives suburb investors a gross yield of circa 4.00%, without taking into account capital value appreciation, which has been averaging out at 1.51%.

YIP MAG Information supplied by:

YIP MAG
January 2016

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Mount Lawley seems to be bucking the trend of Perth’s overall real estate market.

The inner-city suburb, which abuts the Swan River, has seen a dramatic drop in the amount of stock on market, which is currently down 24.7%.

Mount Lawley’s location is likely to be major factor in its growing popularity.

It is just 3km from the Perth CBD and surrounded by a number of Perth’s major amenities.

The suburb is home to the Edith Cowan University and Mount Lawley Senior High School. Mount Lawley Golf Course is on its northern perimeter, while nib Stadium is to the south.

The Mount Lawley railway station offers public transport links to the rest of Perth.

The suburb seems to be relatively popular with tenants, with its vacancy rate a respectable 3.4%, according to Real Estate Investar.

Metrics i HOUSE UNIT
$967,500 $410,000
2.93% 6.49%
4.03% 8.32%
2.30% 1.51%
$550 $315
108 90
2.96% 4.00%
67.1807228915663 78.5441176470588

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 : Balanced (H), Balanced (U)
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Demographics
Total population 10702
Median household income ($/weekly) 1718
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 1061 9.9
    25-34 years 2201 20.6
    35-44 years 1501 14.0
    45-54 years 1470 13.7
    55-64 years 1185 11.1
    Others 3285 30.7
    Age Group
    Census Count Percent(%)
    Not Married 3676 46.8
    Registered Married 3136 39.9
    Defacto Relationship 1040 13.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 6359 63.8
    Japan 298 3.0
    Papua New Guinea 243 2.4
    United Kingdom 951 9.5
    Other 631 6.3
    Others 1481 14.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 283 3.0
    Christianity 5546 57.8
    Hinduism 133 1.4
    Islam 145 1.5
    No Religion 3313 34.5
    Others 173 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 468 12.4
    $2,000-$2,499 287 7.6
    $2,500-$2,999 513 13.6
    $3,000-$3,499 295 7.8
    $4,000 or more 375 9.9
    Others 1845 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3959 45.6
    Not in the labour force 2237 25.8
    Employed, worked part-time 1866 21.5
    Employed, away from work 342 3.9
    Unemployed, looking for work 276 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 923 15.0
    Professionals 2197 35.6
    Technicians & trades workers 552 9.0
    Community & personal service workers 555 9.0
    Clerical & administrative workers 863 14.0
    Others 1075 17.4
    Occupation
    Census Count Percent(%)
    Pre-school 94 3.4
    Infants/Primary 551 20.2
    Secondary 572 20.9
    Technical or Further Educational Institution 256 9.4
    University or other Tertiary Institutions 1182 43.2
    Others 79 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6162 66.2
    Flat, unit or apartment 1944 20.9
    Semi-detached, row or terrace house, townhouse 1196 12.8
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1640 39.4
    Being purchased 1274 30.6
    Fully owned 1230 29.6
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
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