Whitby

POSTAL CODE: WA, 6123
HOUSE

Property investors enjoyed capital gains of 13.5% over the last 12 months in WHITBY, translating to lower returns compared with its peers in WA.

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

The suburb posted a 60.38% 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 $690 based on current median home prices for the suburb.

On average, rents on listings have reached the $690 mark, reflecting a 4.86% increase in returns based on the current median price in WHITBY.

WHITBY, 6123 ranks 266th in WA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 110th on the list of best yielding suburbs for rental properties in WA, posting a 4.86% return.

Surburb overview

Whitby is a semi-rural suburb located approximately 45 minutes' drive southeast of Perth's central business district. Situated within the Shire of Serpentine-Jarrahdale, the suburb covers an area of 16.8 square kilometres and was officially established in November 1988. As per the 2021 Census, Whitby had a population of 1,005 residents. The community is characterised by a relatively young demographic, with a median age of 28 years, indicating a significant presence of young families and professionals.

Public transportation in Whitby is currently limited, with residents primarily relying on private vehicles for commuting. However, future developments include plans for a dedicated bus station and four bus routes to enhance connectivity within the suburb and neighbouring areas.

Essential services and amenities are accessible in nearby towns such as Byford and Mundijong, which offer supermarkets, healthcare facilities, and educational institutions. Within Whitby, the Djinda Dreaming Childcare Centre provides early childhood education services.  Additionally, a district shopping centre is planned for development, expected to include discount department stores, a supermarket, and up to 75 specialty retail stores, aiming to cater to the growing population's needs.

Recreational activities in Whitby are centred around its natural surroundings. The suburb offers access to various parks, playgrounds, and walking trails, promoting an active lifestyle. Nearby attractions include Serpentine National Park and Serpentine Falls, providing opportunities for hiking, picnicking, and wildlife observation.

The suburb's development plans aim to balance residential growth with preserving its natural environment and fostering a community-oriented lifestyle. With ongoing infrastructure projects and community facilities in the pipeline, Whitby is poised to evolve while maintaining its semi-rural charm.

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