Welcome to ProProperty’s guide on the most exciting Perth suburbs in terms of investment. Whether you’re a seasoned investor or just starting out, this article offers valuable insights into growth rates, rental yields, and lifestyle amenities across various areas. Make smarter investment choices by partnering with ProProperty Group.
Willagee: a thriving southern suburb
Willagee is fast becoming one of Perth’s most desirable investment destinations. Located just a short drive from the city, this southern suburb combines strong market performance with a lifestyle that is increasingly drawing young families and professionals alike. Here’s why investors are taking a serious look at Willagee.
Location and connectivity
Situated only 15 km south of Perth’s bustling CBD, Willagee is highly accessible and offers excellent connectivity options. The suburb is well-serviced by major arterial roads like the Kwinana Freeway and Leach Highway. Furthermore, the area is well-connected by public transport, including buses that provide a hassle-free commute for working professionals and students, making it an ideal location for tenants.
Growth and returns
When it comes to financial viability, Willagee has proven itself as a remarkable contender. According to the latest data from REIWA, the suburb has experienced a sharp 23.3% increase in property prices over the past year, bringing the median house price to a robust $647,500. This puts Willagee squarely in the sights of investors who have a moderate to high budget and are looking for substantial growth prospects.
Types of properties and yields
The variety of properties in Willagee makes it a versatile option for investors. Approximately 40% of the housing stock in this suburb is designated for rental, indicating a strong tenant demand. Investors interested in single-family homes can expect rental yields of around 3.8%, with homes typically leasing for about $480 per week. On the other hand, if you’re leaning towards investing in units, you’d be looking at an average weekly rental of $400 and a highly attractive gross yield of 7.1%.
Lifestyle and amenities
Beyond the numbers, Willagee offers a rich and balanced lifestyle that’s particularly attractive to young couples and families. Satterley’s Gallery at Willagee estate is fast becoming the heart of the community, offering a blend of modern convenience and natural beauty. Situated adjacent to Carawatha Park, the estate is complemented by an immersive art trail, top-tier educational institutions, and retail havens like Westfield Booragoon. The area also prioritises eco-friendly living with walking trails, green spaces, and a community vibe that’s conducive to family life.
Seville Grove: budget-friendly with solid returns
Seville Grove has emerged as a hidden gem in the Perth real estate market, offering an unbeatable combination of affordability, high returns, and a lifestyle that resonates with families and professionals. For those considering where to invest, particularly with a budget in mind, this southeastern suburb deserves a closer look. Here’s why:
Location and connectivity
Located strategically southeast of Perth, Seville Grove boasts excellent connectivity options for those working either in the industrial sectors or in the Perth CBD. Albany Highway runs through the area, providing a direct and convenient route for daily commuters. Moreover, public transport services are readily available, positioning this suburb as a preferred residential choice for professionals who prioritise accessibility.
Growth and returns
Seville Grove has shown exceptional promise in terms of financial returns. In the recent market analyses, the suburb witnessed an astonishing 89% increase in sales volume. Furthermore, there has been a 6.8% growth in median property prices, which now stand at an affordable $355,000. These compelling statistics make Seville Grove an ideal place for investors who are cautious about budget but are looking for robust market performance.
Types of properties and yields
The diversity of property types in Seville Grove further adds to its investment allure. Rental yields are quite attractive, making it a lucrative opportunity for long-term investors. Houses in the area generally lease for around $400 per week, offering a healthy yield of 5.8%. For those looking at investing in units, the rental scenario is equally appealing, with weekly rents hovering at approximately $335 and yields at a substantial 6.7%.
Lifestyle and amenities
In terms of lifestyle and conveniences, Seville Grove is not to be underestimated. The suburb is abundant in parks and green spaces, making it particularly attractive for families with children. These environmental features, combined with readily available amenities like schools, shopping centres, and hospitals, contribute to a high standard of living. The presence of essential services enhances Seville Grove’s appeal for long-term residential prospects, which in turn, makes it a safer bet for property investment.
The northern trio: Alkimos, Jindalee, Eglinton—coastal charms and investment potential
When it comes to property investment with a mix of lifestyle amenities and promising returns, the northern suburbs of Perth—Alkimos, Jindalee, and Eglinton—are rapidly gaining attention. As these areas continue to develop, they offer unique opportunities for investors interested in suburban yet modern coastal living. Let’s delve into the specifics.
Location and connectivity
Located within a 50 km radius to the north of Perth, these suburbs offer the allure of coastal living while still being within commuting distance to the city centre. As these areas are under development, they are seeing increased investment in infrastructure, including transport links that will make commuting to Perth even easier in the future. This is especially appealing for working professionals and families who crave the coastal lifestyle without sacrificing the benefits of city living.
Growth and returns
The real estate market in these suburbs is far from stagnant. Alkimos, for example, has seen a 6.2% increase in property values in recent times, with a median house price now standing at $430,000. Eglinton and Jindalee are also seeing positive growth, offering median property prices of $435,000 and $625,000 respectively. As these suburbs continue to develop, these values are only expected to climb, creating a positive outlook for investors.
Types of properties and yields:
While these areas predominantly feature single-family homes, there is a noticeable trend towards diversification. Developers are gradually incorporating more multifamily units like apartment complexes and townhouses, widening the choice for potential investors. While specific yield data may be scarce due to the rapid development, the growth patterns and property types suggest a market that can cater to a variety of investment strategies.
Lifestyle and amenities
Lifestyle is where these northern suburbs truly shine. Satterley’s Eden Beach estate in Jindalee and Allara in Eglinton are leading the charge in redefining what coastal suburban living can offer. These estates come with their own unique features—such as Australia’s first musical barbecue at Allara’s Kinkuna Park—that offer a community-centric, entertainment-filled lifestyle.
Adding to the lifestyle perks are the well-planned amenities that come along with growing communities. From shopping centres to schools and healthcare facilities, the infrastructural developments are designed to provide residents with everything they need within easy reach.
Madeley: stable growth and competitive yields
Located in the northern suburbs of Perth, Madeley stands out as an investment destination with a record of stable growth and respectable yields. Ideal for investors looking for a reliable addition to their portfolios, Madeley offers an appealing mix of property types and solid returns.
Growth and returns
With a median property value at $615,000 and a steady growth rate of 6%, Madeley has carved out a niche for itself as a dependable choice for investors. Whether you’re new to property investment or looking to diversify, the area’s steady capital appreciation offers a sound financial decision.
Types of properties and yields
Madeley boasts a variety of housing options, from modern townhouses to traditional stand-alone homes, catering to different investment strategies. Furthermore, investors can expect an average rental yield of about 4.4%, making it a lucrative option for those eyeing long-term gains.
Forrestfield: a rapidly growing suburb with eco-friendly initiatives
Forrestfield is gaining attention as an up-and-coming suburb with a focus on eco-friendly living. Situated conveniently with upcoming infrastructure projects like the High Wycombe train station, the suburb is becoming increasingly attractive for prospective tenants and investors alike.
Growth and returns
Recording a robust growth rate of 16.3% and a median property value of $465,000, Forrestfield is undeniably a suburb to watch. These impressive metrics are drawing increasing numbers of investors looking for rapid capital growth.
Types of properties and yields
The housing market in Forrestfield is equally promising when it comes to rental yields. The average yield for houses here is about 4.5%, making it a strong contender for anyone’s investment portfolio.
Lifestyle and amenities
What sets Forrestfield apart is its commitment to eco-friendly living. Notable projects like Satterley’s The Hales estate integrate native marri and jarrah trees throughout the site. The forthcoming High Wycombe train station will make commuting more accessible, enhancing the suburb’s appeal to a wider range of prospective tenants.
City of Kwinana: Orelia, Parmelia, and Leda: A trifecta of high-yielding investment opportunities
The City of Kwinana, located in the southern part of the Perth metropolitan area, is quickly becoming a hotspot for property investors. Featuring suburbs such as Orelia, Parmelia, and Leda, this region offers promising rental yields and a diverse range of property types. Particularly catching the eye of investors from the eastern states, the City of Kwinana is setting itself up to be a premier investment destination.
Growth and returns
Orelia, Parmelia, and Leda are making waves in the real estate market with their attractive gross rental yields, which range from 5.9% to 6.2%. This performance is gaining increased attention, especially from investors who reside in Australia’s eastern states, making these suburbs notable additions to any diversified property investment portfolio.
Types of properties and yields
Investors will find a flexible range of options when it comes to property types in these suburbs. Whether you’re interested in traditional single-family homes or modern apartment complexes, Orelia, Parmelia, and Leda offer something for every investment strategy.
With high-yielding investment opportunities and a variety of property types to choose from, the City of Kwinana’s Orelia, Parmelia, and Leda suburbs are certainly worth considering for your next property investment venture.
Final words
Perth’s real estate landscape offers a diverse array of investment opportunities, from the rapid growth of suburbs like Willagee and Forrestfield to the stable returns in Madeley and the high-yield potential in the City of Kwinana. Whether you’re a seasoned investor or just starting out, there’s a wealth of options to consider. Ready to invest? Contact ProProperty Group for expert guidance.
