Applecross

POSTAL CODE: WA, 6153
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Property investors enjoyed capital gains of 11.41% over the last 12 months in APPLECROSS, translating to lower returns compared with its peers in WA.

A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 5.99% growth over a ten-year period. It ranks 2707th on our list of suburbs that property investors should look into.

APPLECROSS, 6153 has a capital gain of 11.41% for the past year, which is lower than average compared to its 64.52% growth within a five-year period.

With the median home price in APPLECROSS sitting at $2,550,000, and the average rent at $1000, property owners could potentially earn a 2.04% increase in gross rental yield.

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

APPLECROSS, 6153 in WA belongs to the local government area of Melville.

Surburb overview

Applecross is an affluent riverside suburb located approximately 7 kilometres south of Perth's central business district. Bounded by the Swan River and Canning Highway, it is part of the City of Melville and is renowned for its scenic beauty, jacaranda-lined streets, and upscale residences.

As of the 2021 Census, Applecross had a population of 7,228 residents. The median age is 44 years, indicating a mature community. Approximately 73% of households are family units, with an average household size of 2.5 people. The suburb exhibits cultural diversity, with 47.5% of residents having both parents born overseas.

The median house price is approximately $2,760,000, while units have a median price of $810,000. Houses rent for a median of $985 per week, while units rent for $720 per week. The suburb predominantly features separate houses, accounting for 87.2% of dwellings.

Applecross Primary School is a well-regarded public primary school serving the local community. Applecross Senior High School is known for its academic excellence and comprehensive programs. Nearby institutions such as Curtin University and other educational facilities enhance the suburb's appeal to families.

Heathcote Reserve is a prominent park offering panoramic river views, playgrounds, and picnic areas. Applecross Jetty is a popular spot for fishing, boating, and enjoying sunsets over the Swan River. South of Perth Yacht Club is a hub for sailing enthusiasts and social events. Jacaranda Festival is an annual event celebrating the blooming jacaranda trees, featuring local artisans, food stalls, and entertainment.

Ardross Street is the main commercial strip with cafes, boutiques, and essential services. Canning Highway hosts a variety of restaurants, shops, and commercial establishments. The suburb is well-connected by public transport, including bus routes and proximity to the Canning Bridge railway station.

Applecross combines riverside serenity with urban sophistication, making it a sought-after suburb for families, professionals, and retirees. Its rich history, vibrant community events, and proximity to Perth's CBD contribute to its enduring appeal.

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