Suburb Profile Report for Myaree WA (6154)

Myaree House: Median price $685,000, Annual capital growth 2.45%, Number of sales 27, Weekly median advertised rent $500

Myaree Unit: Median price $375,000, Annual capital growth -5.02%, Number of sales 19, Weekly median advertised rent $340

  • 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

At number 746th in the list of Australian suburbs ordered by increase in median house value over the last year, Myaree, 6154 is in the top 20% with a property value increase of 6.61% recorded in median house prices.

The five-year average increase in median property values for Myaree,6154 has given property investors a potential capital gain of -3.11% across each of those five years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.58% offered to property buyers. Sellers in Myaree itself are offering an average vendor discount of -9.69% to real estate investors.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 2.45%, investors should hope to achieve an overall return of 3.80%

Giving property investors a an unimpressive capital gain of -5.06% for the last year, Myaree, 6154 is the 957th highest performer in Australia in this respect.

Residents and property investors in Myaree have been waiting around 85.9375 days to sell a property.

The WA suburb of Myaree, 6154 is in the Melville (C) local government area.

Metrics i HOUSE UNIT
$685,000 $375,000
0.74% 0.00%
6.61% -5.06%
2.45% -5.02%
$500 $340
27 19
3.80% 4.71%
82.6818181818182 85.9375

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), Above average (U)
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Demographics
Total population 1896
Median household income ($/weekly) 1092
Median age of persons 41
Median housing loan repayment ($/monthly) 2000
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 244 12.9
    25-34 years 219 11.5
    35-44 years 285 15.0
    45-54 years 217 11.4
    75-84 years 202 10.6
    Others 730 38.5
    Age Group
    Census Count Percent(%)
    Registered Married 636 46.1
    Not Married 622 45.1
    Defacto Relationship 121 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1296 71.4
    Iraq 25 1.4
    Papua New Guinea 39 2.1
    United Kingdom 202 11.1
    Other 73 4.0
    Others 179 9.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 1.3
    Christianity 1184 67.4
    Hinduism 8 0.5
    Islam 10 0.6
    No Religion 526 30.0
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 83 11.6
    $400-$599 85 11.9
    $800-$999 66 9.2
    $1,500-$1,999 79 11.0
    $2,500-$2,999 76 10.6
    Others 326 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 604 41.3
    Employed, worked full-time 505 34.5
    Employed, worked part-time 272 18.6
    Employed, away from work 49 3.3
    Unemployed, looking for work 34 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 103 12.4
    Professionals 200 24.2
    Technicians & trades workers 126 15.2
    Clerical & administrative workers 145 17.5
    Sales 71 8.6
    Others 183 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 26 6.3
    Infants/Primary 177 42.7
    Secondary 94 22.7
    Technical or Further Educational Institution 32 7.7
    University or other Tertiary Institutions 80 19.3
    Others 6 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1452 83.4
    Semi-detached, row or terrace house, townhouse 286 16.4
    Flat, unit or apartment 4 0.2
    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 334 42.5
    Being purchased 251 32.0
    Rented 168 21.4
    Other tenure type 32 4.1
    Tenure Type
Census 2011, ABS
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