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Winthrop

POSTAL CODE: WA, 6150
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 39.46% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,687,500

The augmented property values in the suburb are trailing behind 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 $950.

Home owners selling their properties and realtors in WINTHROP usually have to wait an average of 32.8 days days before their assets are lifted off the market.

The WA suburb ranks 353rd on the list of best yielding suburbs for rental properties in WA, posting a 2.93% return.

It also places places 159th in Australia based on median property value growth during the quarter.

Surburb overview

Winthrop is a residential suburb in Melville, approximately 12 kilometres south of Perth's central business district. Established in the early 1980s on land formerly owned by the University of Western Australia, the area was once a pine plantation, remnants of which remain in local parks.

As of the 2021 Census, Winthrop had a population of 5,907 residents, with a median age of 42. The suburb is characterised by a high proportion of family households, with 89.1% identified as such. Approximately 61.7% of residents have at least one parent born overseas, reflecting a diverse community.

Public transportation in Winthrop includes several Transperth bus routes, such as the 115, 502, and 503, which provide connections to Bull Creek and Murdoch train stations and direct services to Perth and Fremantle. The suburb is bordered by major roads, including Leach Highway, Murdoch Drive, and North Lake Road, facilitating access to the broader metropolitan area.

Essential amenities are available at the Winthrop Village Shopping Centre, which houses an IGA supermarket, pharmacy, newsagent, and various eateries. Nearby, Westfield Booragoon offers a broader range of retail options. Educational institutions within or near Winthrop include Winthrop Primary School, Corpus Christi College, and Murdoch University.

Recreational spaces in Winthrop are plentiful, with parks such as Winthrop Park and Piney Lakes Reserve offering walking trails, playgrounds, and natural bushland. Piney Lakes Reserve also features a conservation centre that hosts environmental education programs.

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