The post-budget guide to commercial property investing

West Perth

POSTAL CODE: WA, 6005
HOUSE
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Property investments in WEST PERTH fare well against the rest of the country last year, registering a median home price increase of -11.26%.

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

Based on its average 5-year and quarterly capital gains WEST PERTH, 6005 saw average decrease in the long term.

Real estate investors could earn a rental income of $900 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 19.6 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $835,000.

WEST PERTH ranks 43rd on the list of best yielding suburbs for rental properties in WA, posting a 5.6% return.

Surburb overview

West Perth, located within the 6005 postcode, is an inner-city suburb just 2 kilometres west of the Perth central business district (CBD). Known for its mix of commercial and residential areas, West Perth is a sought-after suburb for professionals and business owners. The suburb is characterised by a blend of modern high-rise apartments and heritage-listed homes, offering a diverse living environment.

West Perth has an approximate population of 6,000 residents. The demographic comprises young professionals, with many living in apartments close to their workplaces. West Perth has many offices, government buildings, and consultancy firms. The area also attracts retirees and empty nesters who enjoy its proximity to the city and peaceful parks.

Public transportation is highly accessible in West Perth. The suburb is serviced by Transperth buses and the Perth CAT free bus services, making commuting to the city and surrounding areas easy. The nearby City West Train Station connects to the Fremantle Line, providing access to Perth CBD and Fremantle.

West Perth is home to several essential services and amenities. The area features a variety of cafes, restaurants, and boutique shops, particularly around Hay Street and Colin Street. Supermarkets and pharmacies are easily accessible, while medical services, including St John of God Hospital in Subiaco, are a short drive away. The Watertown Brand Outlet Centre is also nearby, offering retail shopping options.

The suburb is surrounded by lush parks, providing plenty of green spaces for outdoor activities. Harold Boas Gardens is a popular local park featuring picturesque landscapes and walking paths, while Kings Park, one of the largest inner-city parks in the world, is just a short walk away. Kings Park offers breathtaking views of the Perth skyline and the Swan River and is a hub for walking trails, picnics, and cultural events.

With its proximity to the CBD, excellent public transport links, and access to a wide range of amenities, West Perth is attractive for those seeking a balanced lifestyle with work and leisure opportunities.

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