Champion Lakes

POSTAL CODE: WA, 6111
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 72.38% 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 $780,000

The augmented property values in the suburb are trailing above the territorial average of 13.59% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $705.

Home owners selling their properties and realtors in CHAMPION LAKES usually have to wait an average of 21.3 days days before their assets are lifted off the market.

The WA suburb ranks 139th on the list of best yielding suburbs for rental properties in WA, posting a 4.7% return.

It also places places 348th in Australia based on median property value growth during the quarter.

Surburb overview

Champion Lakes is a residential suburb in Armadale, approximately 27 kilometres southeast of Perth’s central business district. The area is accessible by car via Tonkin Highway, with a typical drive to the city centre taking around 27 minutes. Public transport options include Transperth bus routes 220, 221, 243, and 245, which connect to nearby train stations such as Kelmscott Station, facilitating access to broader Perth areas.

According to the 2021 Census, Champion Lakes had a population of 1,355 residents across 561 dwellings, with an average household size of 2.53. The median age was 41. The community comprises predominantly families, with 71% of residents owning homes.

Essential services in the suburb include educational institutions such as Buttercups Childcare and Early Learning Centre. Healthcare services are accessible through nearby clinics and the Armadale Health Service, which provides general medical, surgical, and mental health services. Local establishments, including a Salvos Store offering a range of pre-loved goods, meet retail needs.

Recreational amenities in Champion Lakes feature the Champion Lakes Regatta Centre, a 55-hectare facility designed for rowing, canoeing, dragon boating, and triathlon events. The centre includes a 2,000-metre, eight-lane rowing course, boat sheds, and 11 kilometres of sealed pathways suitable for walking and cycling. The surrounding area offers a 5-kilometre loop trail recognised as a Top Trail by Trails WA, accommodating prams and wheelchairs.

Champion Lakes was established in 2002 and covers an area of 5.0 square kilometres. The suburb's infrastructure, which encompasses transportation, education, healthcare, and recreational facilities, supports the needs of its residents and contributes to its functionality within the Perth metropolitan area.

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