Suburb in focus – West Perth
A short stroll in the westerly direction of Perth City sits West Perth. Home to the much loved and iconic Kings Park, this affluent suburb comprises elegant, modern apartment complexes and impressive office towers. A homing beacon for successful, professional types, West Perth had more than 5,608 residents at the 2016 Census
Life in West Perth
Bask in the view of Perth’s stunning landscape from the beautiful Kings Park, or grab a friend and take on the athletic challenge of conquering the 242 stairs at Jacob’s Ladder. The City West Train Station makes traveling around Perth easy, while Water Town provides factory outlet shopping to suit retail needs.
There are numerous cafes and eateries within West Perth to explore, as well as beautiful leafy streets to make morning walks with the dog that much more enjoyable. Other features of note include Scitech and Parliament House.
Median Prices & Return
Median property prices over the last year range from $761,250 for houses to $428,000 for units. If you are looking for an investment property, consider houses in West Perth rent out for $500 PW with an annual rental yield of 3.4% and units rent for $450 PW with a rental yield of 5.5%. Based on five years of sales, West Perth has seen a compound growth rate of 2.1% for houses and -3.7% for units.
Statistics provided by realestate.com.au & REIWA