Suburb Profile Report for Alfred Cove WA (6154)

Alfred Cove House: Median price $750,000, Annual capital growth 2.32%, Number of sales 38, Weekly median advertised rent $478

Alfred Cove Unit: Median price $410,000, Annual capital growth -2.38%, Number of sales 10, Weekly median advertised rent $410

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

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

  • House Report
  • Unit Report

At number 1816th in the list of Australian suburbs ordered by increase in median house value over the last year, Alfred Cove, 6154 is in the top half with a property value increase of -0.07% recorded in median house prices.

Alfred Cove,6154 has offered an average of -0.07% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Alfred Cove 6154 should be seeing an average reduction in asking price of around -5.87% . This means that Alfred Cove is holding prices well when compared to other suburbs in WA.

A $477.5 per week rent on the median house gives suburb investors a gross yield of circa 3.31%, without taking into account capital value appreciation, which has been averaging out at 2.32%.

With a capital gain of -2.38% for the last 12 months, Alfred Cove, 6154 has performed for property investments than its average annual -2.38% property growth over the last 5 years.

While Alfred Cove,6154 ranked number 33th in WA for increase in median house value (annualised) increase, it is ranked 103th over the last 5 years.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of -2.38%, investors should hope to achieve an overall return of 5.20%

Metrics i HOUSE UNIT
$750,000 $410,000
1.35% 0.00%
-0.07% -2.38%
2.32% -2.38%
$478 $410
38 10
3.31% 5.20%
67.3461538461539 N/A

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2304
Median household income ($/weekly) 1710
Median age of persons 39
Median housing loan repayment ($/monthly) 2400
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 291 12.6
    25-34 years 287 12.5
    35-44 years 357 15.5
    45-54 years 348 15.1
    55-64 years 221 9.6
    Others 801 34.8
    Age Group
    Census Count Percent(%)
    Registered Married 981 57.3
    Not Married 615 35.9
    Defacto Relationship 116 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1578 71.2
    Papua New Guinea 46 2.1
    South Africa 46 2.1
    United Kingdom 226 10.2
    Other 85 3.8
    Others 234 10.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 1.7
    Christianity 1505 70.8
    Islam 15 0.7
    Other Religious Groups 13 0.6
    No Religion 541 25.5
    Others 14 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 68 8.7
    $1,500-$1,999 76 9.8
    $2,500-$2,999 115 14.8
    $3,000-$3,499 68 8.7
    $4,000 or more 69 8.9
    Others 382 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 752 42.6
    Not in the labour force 536 30.4
    Employed, worked part-time 372 21.1
    Employed, away from work 59 3.3
    Unemployed, looking for work 47 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 198 16.7
    Professionals 343 28.9
    Technicians & trades workers 140 11.8
    Community & personal service workers 102 8.6
    Clerical & administrative workers 188 15.9
    Others 215 18.1
    Occupation
    Census Count Percent(%)
    Pre-school 35 6.5
    Infants/Primary 202 37.6
    Secondary 113 21.0
    Technical or Further Educational Institution 38 7.1
    University or other Tertiary Institutions 140 26.1
    Others 9 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2001 91.1
    Semi-detached, row or terrace house, townhouse 130 5.9
    Flat, unit or apartment 66 3.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 353 41.1
    Being purchased 318 37.0
    Rented 188 21.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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