East Perth

POSTAL CODE: WA, 6004

HOUSE

UNIT

EAST PERTH, 6004 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $1,050,000.

Profits due to an downward trend in home prices in the suburb averaged -6.41% per annum over a 3-year period.

EAST PERTH now ranks at the th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in EAST PERTH are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $900 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In EAST PERTH, homes and units usually stay on listing for an average of 38.6 days.

In 2016, 62 properties were sold in EAST PERTH during the past year, making it the 112th most active market in WA based on total real estate transactions.

EAST PERTH ranks 135th in WA when it comes to estimated capital gains experienced by property investors over the past three years.

EAST PERTH, 6004 has a capital gain of 16.91% for the past year, which is higher than average compared to its 32.57% growth within a five-year period.

With the median home price in EAST PERTH sitting at $596,250, and the average rent at $735, property owners could potentially earn a 6.41% increase in gross rental yield.

Property investors have seen a 6.47% gain in EAST PERTH based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on EAST PERTH, 6004 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 16.91%.

A survey of average capital gains or median home price increase in suburbs across the country shows that EAST PERTH, 6004 obtained a 1.45% growth over a ten-year period. It ranks 1759th on our list of suburbs that property investors should look into.

Surburb overview

East Perth, located within the 6004 postcode, is a vibrant inner-city suburb approximately 2 kilometres east of the Perth CBD. This riverside suburb is known for its mix of modern apartment buildings and beautifully restored heritage homes, making it a popular choice for professionals, families, and retirees.

East Perth’s population is estimated at around 10,000 residents, with a demographic that includes a mix of young professionals, international students, and empty nesters. The area is well-serviced by public transportation, with numerous bus routes connecting to the Perth CBD and other suburbs. The Claisebrook Train Station within the suburb provides access to the Midland line, making commuting easy and efficient.

The suburb offers a variety of essential amenities, including local cafes, restaurants, and grocery stores, providing residents with a convenient lifestyle. Nearby, the East Perth IGA is a popular supermarket, while a range of eateries along Royal Street adds to the suburb’s lively atmosphere. The area also boasts easy access to medical services, pharmacies, and recreational facilities.

East Perth is known for its riverside parks and recreational areas. The suburb is home to the picturesque Victoria Gardens and the Claisebrook Cove, a popular spot for walking, cycling, and picnicking. The Swan River foreshore offers scenic walking trails and is ideal for kayaking and other water activities. Additionally, residents can access nearby recreational facilities such as the WACA Ground, which hosts international and domestic cricket matches, and Gloucester Park, a renowned harness racing venue.

For those seeking cultural and leisure activities, East Perth is just a short distance from the Perth Cultural Centre, which includes the Art Gallery of Western Australia and the State Theatre Centre. The suburb’s proximity to the city makes it a hub for work and play, offering its residents a convenient and vibrant lifestyle.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,050,000	$596,250
Growth Report
Median Quarterly	0%	6.47%
Median 12 month	0%	16.91%
Median 3 years	-19.23%	26.86%
Median 5 years	13.82%	32.57%
10 years average annual	3.55%	1.45%
Weekly media advert. rent	$900	$735
Time on Market	38.6 days	40.8 days
Gross Rental Yield Percent	4.46%	6.41%

Demographics (Median Values)*

Total Population 10596

Weekly Household Income 1868

Household Size 1.90

Average Age 33

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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