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Property investors enjoyed capital gains of 12.35% over the last 12 months in WAIKIKI, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in WAIKIKI are low, as opposed to average gains per annum over the past five years.
The suburb posted a 62.28% 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 $600 based on current median home prices for the suburb.
On average, rents on listings have reached the $600 mark, reflecting a 4.27% increase in returns based on the current median price in WAIKIKI.
WAIKIKI, 6169 ranks 302nd in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 216th on the list of best yielding suburbs for rental properties in WA, posting a 4.27% return.
Waikiki is a coastal suburb approximately 50 kilometres south of Perth's central business district. It is situated within the City of Rockingham and is bordered by Safety Bay, Cooloongup, Hillman, Baldivis, Warnbro, and Port Kennedy.
Established on 5 April 1974, Waikiki covers an area of 10.2 square kilometres. The suburb's name was inspired by the Honolulu neighbourhood of Waikiki, chosen by the area's developer.
According to the 2021 Census, Waikiki had a population of 12,396 residents. The suburb features a mix of residential housing, with various detached homes and some medium-density developments.
Public transportation in Waikiki includes bus services that connect to the nearby Warnbro and Rockingham train stations on the Mandurah Line. These stations provide regular services to Perth, facilitating commuter access to the city.
Essential services in Waikiki include educational institutions such as South Coast Baptist College and Waikiki Primary School. The Waikiki Village Shopping Centre on Read Street is a commercial hub that offers supermarkets, specialty stores, and dining options.
The suburb's coastal location supports recreational activities, with access to beaches along Warnbro Sound. Local parks and reserves provide spaces for outdoor activities, and the proximity to the Shoalwater Islands Marine Park offers opportunities for marine-based recreation.
Waikiki's combination of residential amenities, public transport connectivity, and coastal attractions contributes to its character within the Perth metropolitan area.