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Success

POSTAL CODE: WA, 6164
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Property investors enjoyed capital gains of 13.04% over the last 12 months in SUCCESS, translating to lower returns compared with its peers in WA.

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

The suburb posted a 52.65% 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 $750 based on current median home prices for the suburb.

On average, rents on listings have reached the $750 mark, reflecting a 4.37% increase in returns based on the current median price in SUCCESS.

SUCCESS, 6164 ranks 280th in WA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 197th on the list of best yielding suburbs for rental properties in WA, posting a 4.37% return.

Surburb overview

Success is a suburb located approximately 24 kilometres south of Perth's central business district, within the City of Cockburn. The area spans 6.1 square kilometres and is bounded by Beeliar Drive to the north, Kwinana Freeway to the east, and Russell Road to the south. Urban development commenced in the early 1990s following the extension of the Kwinana Freeway. The suburb's name originates from Captain James Stirling's ship, HMS Success.

According to the 2021 Census, Success had a population of 10,148 residents. The median age was 33 years, indicating a relatively young demographic. Households had a median weekly income of \$2,155, with a significant proportion of residents employed full-time.

The Aubin Grove and Cockburn Central railway stations facilitate public transportation in Success, providing access to the Mandurah Line. Transperth bus routes, including the 514, 518, 525, and 526, offer connections within the suburb and to neighbouring areas.

Essential establishments in Success include educational institutions such as Success Primary School and nearby high schools. Healthcare services are accessible at the Cockburn Health and Community Facility, located on Wentworth Parade.  Retail needs are met by the Cockburn Gateway Shopping City, which features over 180 stores and various dining options.

Several parks and community facilities support recreational activities in Success. Jan Hammond Park offers a children's playground, basketball court, exercise equipment, and barbecue facilities.  The Success Regional Sport and Community Facility provides venues for sporting clubs and private functions.  Additionally, the suburb is near various playgrounds and natural reserves, enhancing its appeal to families and outdoor enthusiasts.

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