The post-budget guide to commercial property investing

Willagee

POSTAL CODE: WA, 6156
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Homeowners and real estate investors betting on WILLAGEE, 6156 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 14.21%.

A steady increase in median property prices over a five-year period in the suburb translates to a 50.48% capital gain.

Property investors in WILLAGEE enjoyed capital gains of 14.21% over the last 12 months translating to higher returns compared with its peers in the territory.

The suburb 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 $1,113,533.

Profits due to an upward trend in home prices there averaged 16.83% per annum over a 3-year period.

Home owners selling their properties and realtors in WILLAGEE usually have to wait an average of 19.9 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $820 mark, reflecting a 3.83% increase in returns based on the current median price in WILLAGEE.

WILLAGEE, 6156 places 46th in Australia based on median property value growth during the quarter.

Surburb overview

Willagee is a suburb in the City of Melville, approximately 15 kilometres south-southwest of Perth's central business district. Established in the early 1950s, it was initially developed to provide housing for workers in nearby industrial zones. 

The suburb spans 2.1 square kilometres and is bounded by Leach Highway to the north, Garling Street to the south, Stock Road to the west, and North Lake Road to the east. 

According to the 2021 Census, Willagee had a population of 4,219 residents. The community comprises a mix of families, professionals, and retirees, with 41.2% of families being couples with children and 23.1% being one-parent families.

Several Transperth bus routes, including the 114, 160, 502, and 915, facilitate public transportation in Willagee. These services provide connections to Perth CBD, Fremantle, and surrounding suburbs.

Essential services within the suburb include Caralee Community School, which caters to primary education, and the Fremantle Language Development Centre. The Willagee Community Centre offers various programs and facilities for residents.

Several parks and reserves support recreational activities. Webber Reserve and Winnacott Reserve are prominent open spaces that local sporting clubs use. William Reynolds Park provides amenities suitable for small gatherings and children's activities.

Willagee's combination of accessible public transport, essential amenities, and recreational spaces contributes to its residential appeal. The suburb's infrastructure supports a balanced lifestyle within the Perth metropolitan area.

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