Suburb Profile Report for Maylands WA (6051)

Maylands House: Median price $580,000, Annual capital growth 2.25%, Number of sales 111, Weekly median advertised rent $400

Maylands Unit: Median price $300,000, Annual capital growth 0.36%, Number of sales 156, Weekly median advertised rent $290

  • 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

WA has seen average median house prices change by -2.74% which means that Maylands, 6051 has not done well for property investors by showing a capital gain of -5.69% over the last year

The five-year average increase in median property values for Maylands,6051 has given property investors a potential capital gain of -12.12% across each of those five years.

Maylands6051 is located in WA which offers an average discount of -8.58% to property investors. Maylands itself is showing figures that indicate -6.60% is the average achievable by property buyers investing in the suburb.

At number 1382 in a list of fastest selling suburbs, Maylands is in the TOP 40% of suburbs in Australia with an average of days on market 70.1013 for properties listed there.

Renters in Suburb are facing rents around $20800 per annum or $400 every week.

Over the last year, property investments in Maylands, 6051 have given investors a capital gain of -11.76%. This compares badly with the -6.57% for WA as a whole.

Taking the average capital gain, or increase in median house value, Maylands,6051 has racked up an average of -11.76% over the period. This ranks it number 1443th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Maylands is giving property investors an average Vendor Discount of around -9.43%. This puts suburb at number 33th in WA when ranking the most discounted suburbs.

Situated 4.35km from the CBD, Maylands is one of Bayswater (C) localities in the postcode 6051.

John Caputo Information supplied by:

John Caputo
Harcourts Integrity

M 0433158384
O

W http://integrity.harcourts.com.au/
E JOHN@CAPUTO.COM.AU
Maylands is a unique suburb surrounded by the Swan River with a huge range of different properties ranging from 1 bedroom units prised from $200,000 to Big houses worth as much as $6,000,000 
 
Over the last year, property investments in Maylands, 6051 have given investors a capital gain of 18.89%. This compares very favourably with the 4.41% for WA as a whole.
 
Maylands,6051 has offered an average of 18.89% return per annum in house price rises to property investors over the last three years.
 
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -9.61% offered to property buyers. Sellers in Maylands itself are offering an average vendor discount of -7.38% to real estate investors.
 
On average over the past year, suburb has had 13.17 sales per month, which equates to 158 per year.
 
With the median price for a house in Maylands being $645000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.43%
 
Selling points:  Own Train station, surrounded by the Swan River, 6klm to Perth CBD, has its own Café Strip. Beautiful parks and walk ways along the river with city views. Good future prospects for Capital gains.  Boat yard &own yacht club.  New $21 Million Multi purpose centre on eighth ave.  
 
Most sought after properties: Villas, Town houses and Units. 
 
Most common properties: Villas & Town houses. 
 
Top amenities:  Major fast food chains, café strip, own train station, medical centre, Coles. Water park, bbq areas. 
 
Local industry and business: Cafes, Yacht club & Boat yard,  water park. Gym, chemist. 
 
Recent changes: Higher Zoning – several new café’s established. New $21 Million dollar multi purpose centre recently built.  Completion of the blind centre on whatley cress.   
 
Public transport: Maylands train station & plenty of Bus stops.  
 
Main arteries: Guildford rd & Whatley Cress

 

Metrics i HOUSE UNIT
$580,000 $300,000
-1.28% 0.00%
-5.69% -11.76%
2.25% 0.36%
$400 $290
111 156
3.59% 5.03%
70.1012658227848 90.5785123966942

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 12353
Median household income ($/weekly) 1220
Median age of persons 34
Median housing loan repayment ($/monthly) 1950
Average household size 2
  • Census Count Percent(%)
    20-24 years 1095 8.9
    25-34 years 3430 27.8
    35-44 years 2046 16.6
    45-54 years 1411 11.4
    55-64 years 1250 10.1
    Others 3121 25.3
    Age Group
    Census Count Percent(%)
    Not Married 4780 50.9
    Registered Married 3357 35.8
    Defacto Relationship 1250 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5971 53.2
    Indonesia 820 7.3
    Papua New Guinea 346 3.1
    United Kingdom 978 8.7
    Other 1097 9.8
    Others 2018 18.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 396 3.7
    Christianity 5783 53.6
    Hinduism 540 5.0
    Islam 406 3.8
    No Religion 3374 31.2
    Others 298 2.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 458 8.9
    $800-$999 479 9.3
    $1,000-$1,249 492 9.6
    $1,500-$1,999 591 11.5
    $2,500-$2,999 542 10.6
    Others 2572 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4774 48.4
    Not in the labour force 2485 25.2
    Employed, worked part-time 1832 18.6
    Unemployed, looking for work 398 4.0
    Employed, away from work 375 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 781 11.2
    Professionals 1989 28.5
    Technicians & trades workers 979 14.0
    Community & personal service workers 685 9.8
    Clerical & administrative workers 983 14.1
    Others 1565 22.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 498 22.3
    Secondary 250 11.2
    Technical or Further Educational Institution 429 19.2
    University or other Tertiary Institutions 775 34.7
    Other type of educational institution 146 6.5
    Others 135 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4237 38.4
    Separate house 4126 37.4
    Semi-detached, row or terrace house, townhouse 2665 24.1
    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 2912 52.5
    Being purchased 1623 29.3
    Fully owned 992 17.9
    Other tenure type 20 0.4
    Tenure Type
Census 2011, ABS
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