Suburb Profile Report for Cloverdale WA (6105)

Cloverdale House: Median price $405,000, Annual capital growth 0.11%, Number of sales 124, Weekly median advertised rent $349

Cloverdale Unit: Median price $265,000, Annual capital growth -6.34%, Number of sales 32, Weekly median advertised rent $323

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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Cloverdale is an average performer in WA when comparing median price capital growth over the last year. Cloverdale gave property investors a average capital gain figure when compared to the rest of the state, with -1.22%.

When looking at the potential capital gains offered to property investors over the last 3 years, Cloverdale comes in at number 294th in WA.

Cloverdale6105 is located in WA which offers an average discount of -7.91% to property investors. Cloverdale itself is showing figures that indicate -7.41% is the average achievable by property buyers investing in the suburb.

At number 1127 in a list of fastest selling suburbs, Cloverdale is in the TOP 40% of suburbs in Australia with an average of days on market 63.5747 for properties listed there.

With a capital gain of -18.46% for the last 12 months, Cloverdale, 6105 has performed for property investments than its average annual -6.34% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Cloverdale comes in at number 87th in WA.

Using the current median advertised rental of $322.5 and the average annual increase in value of a median property of -6.34%, investors should hope to achieve an overall return of 6.33%

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
$405,000 $265,000
-2.29% -5.36%
-1.22% -18.46%
0.11% -6.34%
$349 $323
124 32
4.48% 6.33%
63.5747126436782 116.307692307692

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. 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 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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