Wattle Grove

POSTAL CODE: WA, 6107
HOUSE

Property investors enjoyed capital gains of 4.28% over the last 12 months in WATTLE GROVE, translating to lower returns compared with its peers in WA.

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

The suburb posted a 57.8% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $780 based on current median home prices for the suburb.

On average, rents on listings have reached the $780 mark, reflecting a 4.38% increase in returns based on the current median price in WATTLE GROVE.

WATTLE GROVE, 6107 ranks 447th in WA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 197th on the list of best yielding suburbs for rental properties in WA, posting a 4.38% return.

Surburb overview

Wattle Grove is a suburb located approximately 13 kilometres east of Perth’s central business district, within the jurisdiction of the City of Kalamunda. The area encompasses a blend of semi-rural and suburban developments, and major transport routes, including Welshpool Road, Hale Road, Tonkin Highway, and Roe Highway, facilitate connectivity to surrounding regions.

According to the 2021 Census, Wattle Grove had a population of 6,545 residents, residing in 2,046 dwellings, with an average household size of 3.22 persons. The suburb exhibits a diverse demographic profile, with the most common ancestries being English (25.7%), Australian (24.5%), Indian (10.6%), Chinese (9.6%), and Scottish (5.6%).

Bus routes 280, 281, 282, and 283 primarily serve public transportation in Wattle Grove. These routes connect residents to key destinations such as High Wycombe Station, Cannington Station, and Kalamunda Bus Station. The nearest bus stops on Welshpool Road before Hale Road and Hale Road after Sheffield Road provide accessible options for commuters.

Essential establishments within the suburb include the Wattle Grove Shopping Centre, which houses an ALDI supermarket, a medical and dental centre, and various food and beverage outlets.  Wattle Grove Primary School, located at 73 St John Road, serves students from Kindergarten to Year 6. It has been recognised for its educational excellence, holding the WA Primary School of the Year title in 2014.

Several parks and reserves in Wattle Grove support recreational activities. The Wattle Grove Nature Discovery Playscape features natural play elements, including balancing logs, a lookout, a dry stream bed, a bike track, and climbing structures.  Additionally, Hartfield Park, located nearby, provides facilities for various sports including cricket, soccer, tennis, golf, and indoor recreation.

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