Suburb Profile Report for Applecross WA (6153)

Applecross House: Median price $1,405,544, Annual capital growth 1.10%, Number of sales 92, Weekly median advertised rent $625

Applecross Unit: Median price $714,500, Annual capital growth 3.89%, Number of sales 33, Weekly median advertised rent $385

  • 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.

  • House Report
  • Unit Report

Applecross has had a very poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -10.76% to date .

Comparing Applecross,6153 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Applecross6153 is located in WA which offers an average discount of -8.58% to property investors. Applecross itself is showing figures that indicate -6.86% is the average achievable by property buyers investing in the suburb.

At number 1790 in a list of fastest selling suburbs, Applecross is just in the top half of suburbs in Australia with an average of days on market 76.6964 for properties listed there.

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

WA has seen average median house prices change by -6.57% which means that Applecross, 6153 has not done well for property investors by showing a capital gain of 2.44% over the last year

Taking the average capital gain, or increase in median house value, Applecross,6153 has racked up an average of 2.44% over the period. This ranks it number 680th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Applecross are currently offering property investors an average price cut of -10.14% below the asking price at the moment.

Using the current median advertised rental of $385 and the average annual increase in value of a median property of 3.89%, investors should hope to achieve an overall return of 2.80%

Metrics i HOUSE UNIT
$1,405,544 $714,500
-3.83% 3.55%
-10.76% 2.44%
1.10% 3.89%
$625 $385
92 33
2.31% 2.80%
76.6964285714286 106.7

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), Below average (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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