Karrinyup

POSTAL CODE: WA, 6018
HOUSE
UNIT

Homeowners and real estate investors betting on KARRINYUP, 6018 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 10.89%.

A steady increase in median property prices over a five-year period in the suburb translates to a 41.14% capital gain.

Property investors in KARRINYUP enjoyed capital gains of 10.89% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $1,552,500.

Profits due to an upward trend in home prices there averaged 13.71% per annum over a 3-year period.

Home owners selling their properties and realtors in KARRINYUP usually have to wait an average of 29.9 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $922.5 mark, reflecting a 3.09% increase in returns based on the current median price in KARRINYUP.

KARRINYUP, 6018 places 403rd in Australia based on median property value growth during the quarter.

Surburb overview

Karrinyup is a prestigious and family-friendly suburb approximately 12 kilometres northwest of the Perth central business district (CBD). The suburb has grown in popularity due to its natural beauty, well-planned residential areas, and access to some of Perth’s premier shopping and recreational facilities.

Karrinyup has a population of around 9,000 residents. The suburb's housing primarily consists of large, modern family homes, with a mix of older residences and new developments. Many homes are set on generous blocks, often with well-maintained gardens, making Karrinyup an attractive area for families. In recent years, the suburb has seen a surge in residential development, particularly around the newly expanded Karrinyup Shopping Centre.

Public transportation in Karrinyup is convenient. Several Transperth bus routes connect the suburb to surrounding areas, including train stations like Stirling on the Joondalup Line. This makes commuting to the Perth CBD and other vital locations straightforward for residents. The suburb is also well-connected by major roads, including Karrinyup Road and West Coast Highway, offering quick access to the city and Perth’s northern beaches.

One of Karrinyup’s standout features is the Karrinyup Shopping Centre, one of Perth's largest and most popular retail hubs. The recently expanded centre offers an extensive range of high-end fashion stores, department stores, supermarkets, restaurants, and entertainment options, including a cinema complex. It is a central hub for Karrinyup residents and visitors from surrounding suburbs.

The suburb is bordered by the picturesque Lake Gwelup Reserve, which offers walking and cycling trails, playgrounds, and picnic areas. The reserve is a haven for birdwatchers and nature lovers, with its wetlands and bushland attracting various wildlife. Karrinyup is only a short drive from some of Perth’s most popular beaches, including Scarborough Beach and Trigg Beach, making it ideal for those who enjoy a coastal lifestyle.

The suburb has several parks and sporting facilities, including Hamersley Golf Course, a popular destination for golf enthusiasts. Residents also benefit from easy access to nearby Bold Park and its extensive nature trails, which offer scenic views of the coast and the city.

Families in Karrinyup are well-served by a range of quality educational institutions. The suburb is home to Karrinyup Primary School. At the same time, nearby schools such as St Mary’s Anglican Girls’ School, Hale School, and Carine Senior High School provide excellent educational options for older children. This substantial selection of schools adds to the suburb’s appeal for families.

You’re out of free articles for this month
Loading form...