Applecross is a mid-sized suburb in Western Australia within the Melville local government area (postcode 6153). With a population of 7,228, the suburb has an established demographic with a median age of 44. Households earn a median income of $128K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Applecross is $1.9 million, having surged 27% over the past year. Units have a median price of $750,000 (+4.9% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,800.
Applecross is served by 2 schools, including 2 primary. The average ICSEA score is 1154, which is well above the national average of 1,000. Public transport access includes 34 bus stops.
From an investment perspective, Applecross offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.9M/$951K), placing it in the premium segment. The price-to-income ratio of 15.3x is considered stretched. House prices have moved +27.0% year-on-year.
Applecross is a mid-sized suburb in Western Australia within the Melville local government area (postcode 6153). With a population of 7,228, the suburb has an established demographic with a median age of 44. Households earn a median income of $128K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Applecross is $1.9 million, having surged 27% over the past year. Units have a median price of $750,000 (+4.9% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,800.
Applecross is served by 2 schools, including 2 primary. The average ICSEA score is 1154, which is well above the national average of 1,000. Public transport access includes 34 bus stops.
From an investment perspective, Applecross offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.9M/$951K), placing it in the premium segment. The price-to-income ratio of 15.3x is considered stretched. House prices have moved +27.0% year-on-year.