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West Leederville

POSTAL CODE: WA, 6007
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WEST LEEDERVILLE, 6007 ranks 3391st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 1.68% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,820,000.

The upward trend in home prices in WEST LEEDERVILLE, 6007 averaged 10.63% per annum over a 3-year period.

Average weekly rents on listings have reached the $1050 mark, reflecting a 3% increase in returns based on the current median price in WEST LEEDERVILLE.

An average of 4.25 real estate transactions take place per month in WEST LEEDERVILLE which translates to 51 per annum.

51 properties were sold in WEST LEEDERVILLE in 2016, making it the 141st most active market in WA based on total real estate transactions.

WEST LEEDERVILLE, 6007 places 427th in Australia based on median property value growth during the quarter.

Surburb overview

West Leederville, located within the 6007 postcode, is an inner-city suburb positioned between Leederville and the central business district of Perth, just 3 kilometres west of the city centre. Known for its leafy streets and a blend of character homes and modern developments, West Leederville is a highly sought-after residential area, popular with professionals, young families, and retirees.

West Leederville boasts a diverse demographic with an approximate population of 4,000 residents. The suburb is home to a mix of young professionals drawn to its proximity to the Perth CBD, families who appreciate its quiet, suburban feel, and older residents who enjoy its green spaces and sense of community. The suburb features a variety of housing options, from heritage-listed homes to contemporary townhouses and apartments.

Public transportation is a significant asset of West Leederville, with excellent connections to the rest of Perth. The suburb is served by two train stations: West Leederville Station on the Fremantle Line and Leederville Station on the Joondalup Line, making commuting to the city and surrounding areas straightforward. Additionally, several bus routes run through the suburb, connecting residents to nearby destinations. West Leederville also enjoys easy access to major roads such as Cambridge Street and the Mitchell Freeway.

West Leederville has a range of amenities, with local cafes, restaurants, and boutique shops lining Cambridge Street. The area is also close to major shopping centres like Subiaco’s Rokeby Road and Leederville’s Oxford Street. Essential services, including supermarkets, medical centres, and pharmacies, are conveniently located in and around the suburb.

The suburb is well-known for its green spaces, offering residents access to several parks and recreational facilities. Cowden Park and Lake Monger are popular spots for outdoor activities, with Lake Monger particularly favoured for walking, cycling, and birdwatching. The suburb’s proximity to Kings Park also provides residents with additional opportunities for outdoor recreation and stunning views of the city and Swan River.

West Leederville combines the tranquillity of suburban living with the convenience of being close to Perth’s city centre. Its strong sense of community, excellent public transport, and access to green spaces make it desirable for those seeking a balanced urban lifestyle.

 

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