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Innaloo

POSTAL CODE: WA, 6018
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INNALOO, 6018 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling INNALOO, 6018 values up and netting property investors a capital gain of 5.3% for the past year.

Investors saw the median home price rise to $948,750.

Profits due to an upward trend in home prices in the suburb averaged 16.47% per annum over a 3-year period.

INNALOO now ranks at the 351st 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 INNALOO 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 $800 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 INNALOO, homes and units usually stay on listing for an average of 15.3 days.

In 2016, 166 properties were sold in INNALOO during the past year, making it the 389th most active market in WA based on total real estate transactions.

Surburb overview

Innaloo is a bustling inner-northern suburb approximately 10 kilometres northwest of the Perth central business district (CBD). It offers a balanced mix of suburban living with easy access to urban amenities and recreational opportunities.

Innaloo has a population of around 8,000 residents. The suburb's housing stock is diverse, combining older, post-war homes with modern townhouses and apartment complexes. This variety appeals to a wide demographic, from young professionals and first-home buyers to families and retirees. The suburb has seen significant development recently, with new housing projects and commercial expansions enhancing its appeal.

Public transportation in Innaloo is well-developed, making it easy for residents to commute to the city and other parts of Perth. The Stirling Train Station on the Joondalup Line is located just east of Innaloo and provides direct access to the Perth CBD and northern suburbs. Several Transperth bus routes also run through the suburb, connecting it to nearby areas, including Scarborough Beach and Osborne Park. The suburb is well-connected by major roads, including the Mitchell Freeway and Scarborough Beach Road, offering easy driving access to the city, beaches, and surrounding suburbs.

Innaloo is best known for its retail and entertainment offerings, notably the Westfield Innaloo Shopping Centre, one of the largest shopping centres in the northern suburbs. The centre features various retail stores, supermarkets, cafes, and restaurants, catering to all shopping needs. Adjacent to the shopping centre is the Event Cinemas Innaloo, offering the latest movie screenings and entertainment options. The shopping centre’s planned expansion and redevelopment will further enhance the suburb’s commercial profile.

For everyday convenience, Innaloo also has a range of local shops, cafes, and services, including medical centres, gyms, and specialty stores. The nearby IKEA Perth within Innaloo adds to the suburb’s appeal, attracting residents from across the city for home furnishings and lifestyle products.

Yuluma Park and Birralee Park are popular local parks, offering playgrounds, picnic areas, and sporting facilities. Residents can enjoy the nearby Lake Gwelup Reserve and its larger natural surroundings. Scarborough Beach, one of Perth’s iconic coastal destinations, is just a short drive away, giving residents easy access to the beach for swimming, surfing, and relaxation.

Families in Innaloo benefit from access to several local schools, including Yuluma Primary School and St Dominic’s School. The suburb is also close to prestigious secondary schools nearby, such as Churchlands Senior High School and Newman College. This makes Innaloo an attractive option for families looking for quality educational facilities within a well-connected suburb.

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