Suburb Profile Report for Cloverdale WA (6105)

Cloverdale House: Median price $411,000, Annual capital growth 0.66%, Number of sales 93, Weekly median advertised rent $350

Cloverdale Unit: Median price $300,000, Annual capital growth -4.69%, Number of sales 39, 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
  • Unit Report

Over the last year, property investments in Cloverdale, 6105 have given investors a capital gain of -1.67%. This compares averagely with the -2.74% for WA as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Cloverdale comes in at number 293th in WA.

Property investors looking for a bargain in Cloverdale should be aiming for at least -10.16% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Cloverdale being $411000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.43%

WA has seen average median house prices change by -6.57% which means that Cloverdale, 6105 has not done well for property investors by showing a capital gain of -11.76% over the last year

Cloverdale,6105 has offered an average of -11.76% return per annum in house price rises to property investors over the last three years.

Cloverdale, 6105’s gross rental yield is 5.37%

Information supplied by:


April 2019

M
O

W
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Housing supply drops

Postcode: 6105

Median house price: $416,500

Stock on market: -17.9%

12-month growth: -3.1%

Just a stone’s throw from Perth Airport is the suburb of Cloverdale, a primarily residential pocket that attracts families and working professionals who favour its strategic location.

Housing stock fell sharply from 91 in February 2018 to 80 a year later, whereas units dropped from 26 to 16. With the suburb starting to gain some ground again in terms of growth, the limited supply could help foster demand.

The suburb’s commercial centre can be found at the western end. The shopping centre Belmont Forum holds court here, with over a hundred stores. Belmont Village is a smaller venue that contains Belmont Tavern and a cinema. There are a few primary schools here, including Cloverdale Primary, Notre Dame Primary and Belmay Primary. Just northwest of Cloverdale is Belmont City College.

Quite a few streets connect Cloverdale to Perth, such as Leach Highway and Abernathy Road.a

Metrics i HOUSE UNIT
$411,000 $300,000
0.24% -5.06%
-1.67% -11.76%
0.66% -4.69%
$350 $310
93 39
4.43% 5.37%
67.9850746268657 105.866666666667

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 : Below average (H), Below average (U)
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Demographics
Total population 7272
Median household income ($/weekly) 1148
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 779 10.7
    25-34 years 1260 17.3
    35-44 years 1055 14.5
    45-54 years 866 11.9
    55-64 years 678 9.3
    Others 2634 36.2
    Age Group
    Census Count Percent(%)
    Not Married 2585 47.7
    Registered Married 2252 41.5
    Defacto Relationship 585 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4175 61.0
    Indonesia 211 3.1
    Papua New Guinea 280 4.1
    United Kingdom 502 7.3
    Other 578 8.4
    Others 1100 16.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 211 3.2
    Christianity 4203 63.9
    Hinduism 113 1.7
    Islam 300 4.6
    No Religion 1674 25.4
    Others 79 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 242 9.8
    $400-$599 291 11.7
    $600-$799 221 8.9
    $1,500-$1,999 300 12.1
    $2,000-$2,499 234 9.4
    Others 1191 48.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2292 40.9
    Not in the labour force 2020 36.0
    Employed, worked part-time 856 15.3
    Employed, away from work 225 4.0
    Unemployed, looking for work 215 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 512 15.2
    Technicians & trades workers 659 19.5
    Clerical & administrative workers 556 16.5
    Machinery operators & drivers 355 10.5
    Labourers 352 10.4
    Others 940 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 95 6.6
    Infants/Primary 526 36.8
    Secondary 289 20.2
    Technical or Further Educational Institution 198 13.8
    University or other Tertiary Institutions 269 18.8
    Others 54 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6104 89.2
    Semi-detached, row or terrace house, townhouse 387 5.7
    Flat, unit or apartment 351 5.1
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1004 36.8
    Being purchased 865 31.7
    Fully owned 818 30.0
    Other tenure type 41 1.5
    Tenure Type
Census 2011, ABS
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