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Lockridge

POSTAL CODE: WA, 6054
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A steady increase in median property prices over a five-year period in the suburb translates to a 100.67% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $747,500

The augmented property values in the suburb are trailing above the territorial average of 15.94% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $650.

Home owners selling their properties and realtors in LOCKRIDGE usually have to wait an average of 26.9 days days before their assets are lifted off the market.

The WA suburb ranks 137th on the list of best yielding suburbs for rental properties in WA, posting a 4.52% return.

It also places places 50th in Australia based on median property value growth during the quarter.

Surburb overview

Lockridge is a suburb located approximately 11 kilometres northeast of Perth's central business district, within the City of Swan in Western Australia. Established in 1969, it is named after Lockeridge House, a property built by Samuel Hamersley in 1874. 

As of the 2021 census, Lockridge had a population of 3,322, with a median age of 35. The community comprises a mix of families, professionals, and retirees, contributing to a diverse demographic profile. 

The suburb predominantly features separate houses. As of November 2024, the median house price in Lockridge is approximately $550,000, reflecting an annual capital growth of 43.23%. Rental yields for houses are currently 5.27%, with a median rent of $575 per week. 

Lockridge offers several parks and green spaces, including Rosher Park and Korbosky Park, providing residents with venues for outdoor activities and community events. 

The suburb contains Lockridge Primary School, which caters to students from kindergarten to year six. Secondary education options are available in neighbouring suburbs, and Kiara College serves the area. 

Public transportation in Lockridge includes bus services connecting Morley Bus Station and Bassendean Station, facilitating access to Perth and surrounding areas. The suburb's major bus routes include 341, 342, 353, and 955. 

Lockridge'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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