The post-budget guide to commercial property investing

Lathlain

POSTAL CODE: WA, 6100
HOUSE
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Property investments in LATHLAIN fare well against the rest of the country last year, registering a median home price increase of 6.68%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains LATHLAIN, 6100 saw average growth in the long term.

Real estate investors could earn a rental income of $880 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 28.2 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,150,000.

LATHLAIN ranks 210th on the list of best yielding suburbs for rental properties in WA, posting a 3.98% return.

Surburb overview

Lathlain, located approximately 6 kilometres southeast of Perth's central business district, is an inner southeastern suburb within Victoria Park. The suburb is predominantly residential, featuring tree-lined streets and well-maintained homes. 

As of the 2021 Census, Lathlain had a population of 3,699 residents, with a median age of 37. The community comprises a mix of families, professionals, and retirees, contributing to a diverse and vibrant atmosphere. 

The Victoria Park train station on the suburb's southwestern edge facilitates public transportation in Lathlain. The station provides access to Perth's CBD and surrounding areas. Additionally, various bus services operate within the suburb, enhancing connectivity for residents. 

Essential establishments in Lathlain include Lathlain Primary School, catering to the educational needs of younger residents. Commercial services are available in nearby Victoria Park and Belmont, offering a range of shopping and dining options. 

Recreational activities in Lathlain are centred around its parks and community facilities. Lathlain Park, also known as Mineral Resources Park, serves as the training ground for the West Coast Eagles AFL team and hosts various local sports events. Rayment Park, adjacent to Lathlain Primary School, provides a community space featuring playgrounds and areas for outdoor activities. 

The property market in Lathlain reflects its desirability as a residential suburb. As of December 2024, the median house price is approximately $999,500, with a median weekly rent of $748. The area offers various housing options, including character homes and modern developments, catering to diverse preferences. 

Lathlain provides a family-friendly environment with convenient access to Perth's CBD. It is supported by public transport, educational facilities, and recreational spaces, making it an attractive location for many residents. 

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