Piara Waters

POSTAL CODE: WA, 6112
HOUSE

Property investments in PIARA WATERS fare well against the rest of the country last year, registering a median home price increase of 8.21%.

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 PIARA WATERS, 6112 saw average growth in the long term.

Real estate investors could earn a rental income of $750 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 25.8 days.

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

Property investors perceived the median home price rise to $876,500.

PIARA WATERS ranks 190th on the list of best yielding suburbs for rental properties in WA, posting a 4.45% return.

Surburb overview

Piara Waters is an Armadale suburb approximately 25 kilometres south of Perth's central business district. Established in 2007, it has experienced significant residential development, transforming rural land into a thriving community. 

According to the 2021 Census, Piara Waters had a population of 15,029 residents, with a median age of 31 years. The suburb is characterised by many families, with 87% of households identified as family units and 83% of residents owning their homes.

Several Transperth bus routes provide public transportation in Piara Waters. Bus routes 233, 518, 519, and 529 connect the suburb to key destinations such as Cockburn Central Station, Murdoch TAFE, and Armadale Station. For example, route 518 provides access to Cockburn Central in under 15 minutes, facilitating connections to the broader Perth metropolitan area. 

Essential amenities are readily available within and near Piara Waters. The suburb is home to Piara Waters Primary School, established in 2012, offering education from Kindergarten to Year 6. Piara Waters Senior High School, opened in 2023, serves the community's secondary education needs. Additional nearby educational institutions include Harrisdale Primary School, Harrisdale Senior High School, and Carey Baptist College.

Recreational facilities in Piara Waters are abundant. Parks such as Robot Park, Piara Nature Reserve, and Broadway Boulevard Reserve offer residents various outdoor activities. Sporting amenities include Piara Waters Oval and Rossiter Pavilion, which cater to multiple sports and community events. The suburb also features public BBQ areas in parks like Guerin Park and Burtonia Park, enhancing community engagement and leisure opportunities.

Piara Waters continues to develop, with infrastructure and community services expanding to meet the needs of its growing population. The suburb's transformation reflects broader urban expansion trends within the Perth metropolitan area.

You’re out of free articles for this month
Loading form...