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Coolbinia

POSTAL CODE: WA, 6050
HOUSE

COOLBINIA, 6050 ranks 139th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 31.25% 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 $2,100,000.

The upward trend in home prices in COOLBINIA, 6050 averaged 5.56% per annum over a 3-year period.

Average weekly rents on listings have reached the $900 mark, reflecting a 2.23% increase in returns based on the current median price in COOLBINIA.

An average of 2.08 real estate transactions take place per month in COOLBINIA which translates to 25 per annum.

25 properties were sold in COOLBINIA in 2016, making it the 289th most active market in WA based on total real estate transactions.

COOLBINIA, 6050 places 339th in Australia based on median property value growth during the quarter.

Surburb overview

Coolbinia is a residential suburb in the City of Stirling in Western Australia, approximately 6 kilometres north of Perth's central business district. Established in 1953, its name derives from an Aboriginal word for mistletoe. 

As of the 2021 census, Coolbinia had a population of 1,660 residents, with a median age of 39. The community comprises a mix of families, professionals, and retirees, contributing to a diverse demographic profile. 

The suburb predominantly features separate houses, with an average home owned by couples with children. The median house price in Coolbinia is approximately $1.71 million, reflecting a 24.4% sales growth. Rental prices have also seen a 42.2% growth, with a median rental price of $825 per week. 

Coolbinia offers essential amenities, including proximity to shopping centres such as Flinders Square and Dog Swamp Shopping Centre. The suburb contains several parks and green spaces, providing residents with venues for outdoor activities and community events. 

Educational facilities within Coolbinia include Coolbinia Primary School, catering to students from kindergarten to year six. Secondary education options are available in neighbouring suburbs, with Mount Lawley Senior High School serving the area. 

Public transportation in Coolbinia includes bus services connecting to the Perth Busport and Glendalough Station, facilitating access to Perth and surrounding areas. Major bus routes serving the suburb include routes 19, 370, 406, and 970. 

Coolbinia's combination of suburban tranquillity, accessibility, and community amenities contributes to its reputation as a desirable suburb within the Perth metropolitan area. 

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