Suburb Profile Report for Murdoch WA (6150)

Murdoch House: Median price $707,500, Annual capital growth 1.70%, Number of sales 22, Weekly median advertised rent $433

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Investment property in Murdoch has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.82%

Taking the average capital gain, or increase in median house value, Murdoch,6150 has racked up an average of -2.82% over the period. This ranks it number 3500th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Murdoch should be aiming for at least -7.28% off the asking price, which is the average vendor discount being achieved at the moment.

At number 773 in a list of fastest selling suburbs, Murdoch is in the TOP 30% of suburbs in Australia with an average of days on market 60.8 for properties listed there.

Murdoch, 6150’s gross rental yield is 3.18%

Metrics	HOUSE	UNIT
Median price	$707,500	N/A
Quarterly growth	7.60%	N/A
12-month growth	-2.82%	N/A
Average Annual Growth	1.70%	N/A
Weekly median advertised rent	$433	N/A
Number of sales	22	N/A
Gross rental yield	3.18%	N/A
Days on market	60.8	N/A

DSR Score for property investment : Balanced (H), Balanced (U)

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Demographics

Total population	3324
Median household income ($/weekly)	1078
Median age of persons	35
Median housing loan repayment ($/monthly)	1800
Average household size	2.7

Census	Count	Percent(%)
15-19 years	398	12.0
20-24 years	563	16.9
25-34 years	379	11.4
45-54 years	351	10.6
55-64 years	366	11.0
Others	1268	38.1

Age Group

Census	Count	Percent(%)
Not Married	1522	56.1
Registered Married	1125	41.5
Defacto Relationship	65	2.4

Social Marital Status

Census	Count	Percent(%)
Australia	1525	48.4
Malta	299	9.5
Singapore	196	6.2
United Kingdom	197	6.3
Other	287	9.1
Others	645	20.5

Country of Birth

Census	Count	Percent(%)
Buddhism	252	8.2
Christianity	1926	62.6
Hinduism	90	2.9
Islam	82	2.7
No Religion	683	22.2
Others	42	1.4

Religious Affiliation

Census	Count	Percent(%)
$400-$599	119	11.9
$600-$799	111	11.1
$800-$999	95	9.5
$1,500-$1,999	80	8.0
$3,000-$3,499	74	7.4
Others	525	52.3

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	1300	45.6
Employed, worked full-time	719	25.2
Employed, worked part-time	630	22.1
Unemployed, looking for work	124	4.3
Employed, away from work	81	2.8

Person Characteristics

Census	Count	Percent(%)
Professionals	404	28.2
Technicians & trades workers	150	10.5
Community & personal service workers	182	12.7
Clerical & administrative workers	217	15.2
Sales	189	13.2
Others	290	20.3

Occupation

Census	Count	Percent(%)
Pre-school	21	1.7
Infants/Primary	154	12.6
Secondary	168	13.7
Technical or Further Educational Institution	76	6.2
University or other Tertiary Institutions	785	64.2
Others	19	1.6

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	1939	62.6
Flat, unit or apartment	726	23.4
Semi-detached, row or terrace house, townhouse	432	13.9
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0