Claremont vs FloreatTwo Perth suburbs compared for a home loan
Claremont (WA 6010) is approximately 8 km west of the Perth CBD, on Freshwater Bay on the Swan River. Floreat (WA 6014) is approximately 8 km west-north-west of the Perth CBD. At the 2021 Census, Claremont had 9,248 residents with a median age of 44, and Floreat had 8,621 residents with a median age of 42.
In both suburbs the most common occupied dwelling was separate houses. Flats and apartments made up 35% of occupied dwellings in Claremont and 8% in Floreat, while 33% of Claremont households rented compared with 12% in Floreat. These differences matter for finance, because lenders assess apartments, strata buildings and houses on land differently.
Both suburbs are in the same state, so transfer duty is calculated on the same scale and the difference in upfront cost comes from the purchase price. The panel below applies that scale, and an estimate of lenders mortgage insurance, to the prices you enter.
WA 6010 · Perth's western suburbs
Claremont
Claremont is a western suburbs centre on Freshwater Bay with a rail station, a large shopping precinct and a mix of houses, townhouses and apartments.
Town of Claremont. Approximately 8 km west of the Perth CBD, on Freshwater Bay on the Swan River.
Read the full Claremont guideWA 6014 · Western suburbs of Perth
Floreat
Floreat is the Town of Cambridge's administrative seat, a large-lot western suburb where the median weekly household income of $3,570 leads these guides.
Town of Cambridge. Approximately 8 km west-north-west of the Perth CBD.
Read the full Floreat guide
What buying in Claremont and Floreat would mean for the loan
The difference between two suburbs is usually a difference in price, and price drives the deposit, the transfer duty, any lenders mortgage insurance and the repayment. Enter the prices you are seeing and the panel works out each of those for Claremont and Floreat.
Your prices and deposit
Enter the price you are seeing in each suburb. BorrowWise does not quote prices, so the comparison uses yours.
Enter a price for Claremont to see the repayment, transfer duty and upfront cash.
Enter a price for Floreat to see the repayment, transfer duty and upfront cash.
Warning: The interest rate used here is an example only. It is not a comparison rate and is not a rate offered by any lender, and it does not include fees and charges. Different rates, terms, fees or loan amounts will give a different result.
Estimates only. Repayments assume a principal and interest loan at a constant rate, which is an assumption and not a current market rate. Transfer duty is indicative for established homes, first home buyer relief depends on eligibility, and upfront cash includes an allowance of $3,000 for conveyancing and inspections. Lenders mortgage insurance is an estimate and is added to the loan. A lender makes its own assessment.
Claremont and Floreat: Census profile compared
Figures are from the 2021 Census, so rents, repayments and incomes have moved since. They are most useful for comparing one suburb with another and with Australia as a whole.
| Measure | Claremont | Floreat |
|---|---|---|
| People and households | ||
| Residents | 9,248 | 8,621 |
| Median ageAustralia 38 | 44 | 42 |
| Average household sizeAustralia 2.5 | 2.2 | 3.0 |
| Median household income, weeklyAustralia $1,746 | $2,068 | $3,570 |
| Housing costs at the 2021 Census | ||
| Median rent, weeklyAustralia $375 | $460 | $600 |
| Median mortgage repayment, monthlyAustralia $1,863 | $2,800 | $3,250 |
| Who owns and who rents | ||
| Households rentingAustralia 31% | 33% | 12% |
| Owned with a mortgageAustralia 35% | 24% | 41% |
| Owned outrightAustralia 31% | 40% | 46% |
| Types of home | ||
| Separate housesAustralia 72% | 39% | 90% |
| Townhouses, terraces and semi-detachedAustralia 13% | 26% | 3% |
| Flats and apartmentsAustralia 14% | 35% | 8% |
| Homes with two bedrooms or fewer | 39% | 11% |
| Homes with four bedrooms or more | 26% | 56% |
| Dwellings unoccupied on Census night | 14% | 6% |
Source: Australian Bureau of Statistics, 2021 Census (CC BY 4.0). Tenure shares exclude households that did not state their tenure. Dwelling shares are of occupied private dwellings.
Home loan considerations in Claremont and Floreat
Lenders treat houses on land, townhouses and apartments differently, and some apply extra conditions to small apartments, high-density buildings or particular postcodes. These are the points each guide raises.
Claremont
- Downsizers
- Upgraders
- Investors
- First home buyers
- Some lenders restrict small apartments, mixed-use buildings or their total exposure to one building, which can lower the maximum loan available.
- Strata levies, the reserve fund and planned remedial works affect both valuation and serviceability for apartments and townhouses.
- Large loans for houses may attract lower maximum loan-to-value ratios or second valuations, and mortgage insurance may be restricted.
- Places on the Town's Heritage List need approval for most works, and valuers factor restrictions on alteration into their assessments.
- Western Australian contracts carry no mandatory cooling-off period, so finance and inspection conditions need to be written into the offer.
- Off-the-plan apartments are valued and assessed again near settlement, so an early approval is not a guarantee of finance.
Floreat
- Upgraders
- Downsizers
- Many lenders apply a lower maximum loan-to-value ratio above certain loan or property value thresholds.
- Individually rebuilt homes are not directly comparable, so valuations are less predictable.
- Median monthly mortgage repayments of $3,250 mean serviceability binds before deposit.
- Only 12.2 per cent of households with a stated tenure rented, so the tenant pool is very small.
- Coding has preserved a low-density form, so subdivision potential should not be assumed.
Housing stock in Claremont and Floreat compared
Claremont
- Character and family houses
- Mainly single-storey older houses, some heritage listed, which made up 1,483 of the 3,798 occupied dwellings counted at the 2021 Census.
- Apartments
- A large segment of 1,316 occupied dwellings at the 2021 Census, including taller buildings near Claremont Station and the town centre.
- Townhouses and villas
- Semi-detached, terrace and townhouse dwellings made up 991 occupied homes at the 2021 Census, a far higher share than nationally.
Floreat
- Large detached houses
- Separate houses numbered 2,558 at the 2021 Census, 89.9 per cent of occupied homes.
- Four and five bedroom homes
- At the 2021 Census, 1,192 dwellings had four bedrooms and 402 had five or more.
- Apartments near the Forum
- The 214 flats counted at the 2021 Census, against only 77 townhouse dwellings.
Official sale price and rent figures for Claremont and Floreat
Only figures published free of charge by a government agency are shown. Where none is published the space is left empty rather than filled with an estimate. Each guide charts the full series.
Claremont
No government agency publishes a free median sale price or rent series for Claremont, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Floreat
No government agency publishes a free median sale price or rent series for Floreat, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Transport, schools and amenities in Claremont and Floreat
Claremont
Transport
- Claremont Station (train)
- Showgrounds Station (train)
- Swanbourne Station (train)
- Claremont Station bus interchange (bus)
- Stirling Highway (road)
Schools and campuses
- Freshwater Bay Primary School (primary, government)
- St Thomas' Primary School (primary, catholic)
- Christ Church Grammar School (combined, independent)
- Methodist Ladies' College (combined, independent)
Amenities
- Claremont Quarter
- Bethesda Hospital
- Lake Claremont
- Claremont Showground
- Claremont Aquatic Centre
- Claremont Museum
Floreat
Transport
- Transperth buses (bus)
- The Boulevard (road)
- Selby Street (road)
- Underwood Avenue (road)
Amenities
- Floreat Forum
- Perry Lakes Reserve
- WA Athletics Stadium
- Bendat Basketball Centre
School listings show name, level and sector only. Enrolment areas change, so confirm eligibility for a specific address with the school or the Western Australia education department.
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