Suburb Profile Report for Applecross WA (6153)

Applecross House: Median price $1,600,000, Annual capital growth 3.18%, Number of sales 90, Weekly median advertised rent $705

Applecross Unit: Median price $531,000, Annual capital growth 0.32%, Number of sales 43, Weekly median advertised rent $425

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

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

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Applecross, 6153 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 4.92%.

Taking the average capital gain, or increase in median house value, Applecross,6153 has racked up an average of 4.92% over the period. This ranks it number 387th in the whole country for real estate investors looking at median house price increases.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.00% offered to property buyers. Sellers in Applecross itself are offering an average vendor discount of -8.50% to real estate investors.

A $705 per week rent on the median house gives suburb investors a gross yield of circa 2.29%, without taking into account capital value appreciation, which has been averaging out at 3.18%.

Property investors who have had real estate in Applecross, 6153 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -27.26%

Applecross,6153 has offered an average of -27.26% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Applecross is offering property investors an average of -8.81. This rate of discount on properties puts Suburb at number 11th in terms of most discounted suburbs in WA

The WA suburb of Applecross, 6153 is in the Melville (C) local government area.

Metrics i HOUSE UNIT
$1,600,000 $531,000
4.92% -25.68%
4.92% -27.26%
3.18% 0.32%
$705 $425
90 43
2.29% 4.16%
91.4516129032258 94.68

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

DSR Score for property investment : Below average (H), Poor (U)
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Demographics
Total population 6579
Median household income ($/weekly) 2095
Median age of persons 42
Median housing loan repayment ($/monthly) 2900
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 778 11.8
    25-34 years 739 11.2
    35-44 years 772 11.7
    45-54 years 993 15.1
    55-64 years 970 14.7
    Others 2327 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 2677 55.3
    Not Married 1874 38.7
    Defacto Relationship 291 6.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3667 60.5
    Iraq 157 2.6
    Malta 158 2.6
    United Kingdom 654 10.8
    Other 352 5.8
    Others 1078 17.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 168 2.9
    Christianity 4094 70.0
    Hinduism 89 1.5
    Islam 92 1.6
    No Religion 1335 22.8
    Others 71 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 149 6.9
    $1,500-$1,999 205 9.4
    $2,500-$2,999 369 17.0
    $3,000-$3,499 176 8.1
    $4,000 or more 323 14.9
    Others 949 43.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1960 38.5
    Not in the labour force 1753 34.5
    Employed, worked part-time 1063 20.9
    Employed, away from work 201 4.0
    Unemployed, looking for work 110 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 641 19.9
    Professionals 1148 35.7
    Community & personal service workers 235 7.3
    Clerical & administrative workers 480 14.9
    Sales 266 8.3
    Others 449 13.9
    Occupation
    Census Count Percent(%)
    Pre-school 77 4.9
    Infants/Primary 492 31.2
    Secondary 371 23.6
    Technical or Further Educational Institution 88 5.6
    University or other Tertiary Institutions 516 32.8
    Others 31 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4294 72.9
    Semi-detached, row or terrace house, townhouse 1030 17.5
    Flat, unit or apartment 566 9.6
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1047 43.9
    Rented 713 29.9
    Being purchased 602 25.3
    Other tenure type 21 0.9
    Tenure Type
Census 2011, ABS
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