Spearwood

POSTAL CODE: WA, 6163
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Property investors enjoyed capital gains of 21.85% over the last 12 months in SPEARWOOD, 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 6.57% growth over a ten-year period. It ranks 2269th on our list of suburbs that property investors should look into.

SPEARWOOD, 6163 has a capital gain of 21.85% for the past year, which is lower than average compared to its 111.98% growth within a five-year period.

With the median home price in SPEARWOOD sitting at $920,000, and the average rent at $700, property owners could potentially earn a 3.96% increase in gross rental yield.

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

SPEARWOOD, 6163 in WA belongs to the local government area of Cockburn.

Surburb overview

Spearwood is a suburb approximately 18 kilometres south of Perth’s central business district, within the City of Cockburn. The area is accessible via Rockingham Road and is bordered by Coogee to the west, Hamilton Hill to the north, and Bibra Lake to the east.

According to the 2021 Census, Spearwood had a population of 10,034 residents. The suburb exhibits a diverse demographic profile, with a mix of families, retirees, and individuals from various cultural backgrounds. The median age of residents is 43 years, reflecting a mature community.

Public transportation in Spearwood is serviced by Transperth bus routes, including the 114, 512, and 531, providing connections to Fremantle and Perth. The journey to Perth's CBD takes approximately 47 to 54 minutes by bus, depending on the route and time of day. The nearest train station is Fremantle, accessible via connecting bus services.

Essential establishments in Spearwood include educational institutions such as Spearwood Primary School and nearby high schools like Emmanuel Catholic College. Healthcare services are available at Fiona Stanley Hospital, within a 15-minute drive. The Phoenix Shopping Centre, which houses supermarkets, specialty stores, and dining options, meets retail needs.

Recreational activities in Spearwood are centred around several parks and natural reserves. Manning Park offers walking trails, picnic areas, and a lake, providing opportunities for outdoor activities. The park is also home to the Azelia Ley Homestead Museum, showcasing local history. Other recreational spaces include Macfaull Park, which features a disc golf course, and Smart Park, known for its playgrounds and open spaces. These amenities contribute to the suburb's community-oriented environment.

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