In 2021, Perth saw an amazing 13% price hike, and that wave continues to create impact in 2022.
In 2021, Perth saw an amazing 13% price hike, and that wave continues to create impact in 2022. With property prices booming across Australia, it's time to find your next investment. We've compiled a list of the top suburbs that is forecasted to see growth in value over 2022.
Fremantle
The property market in Fremantle is set to become even more competitive, with REA predicting that if you are looking for an investment property it would be worth considering houses there.
Houses rent out at $645 per week and have an annual yield of 3% while units can go as high as $550 depending on demand within the precinct.
Fremantle will always hold relevance when purchasing or renting your next home because not only does its popularity keep growing but also its affordability - which makes them perfect investments!
Median house price: $965,000
Median apartment price: $507,500
Rental house yield: 3.5%
Rental apartment yield: 4.6%
Subiaco
Subiaco is not only home to the West Coast Eagles AFL team, but also a highly sought-after property market. Boasting one of Perth’s highest median house prices, it's made up largely of young professionals and independent youth who are drawn by its high cost-to-income ratio. This offers them a great opportunity for growth in their careers while still living comfortably alongside others like themselves--a mix often found nowhere else on this site or down under!
Median house price: $1,420,000
Median apartment price: $550,000
Rental house yield: 2.6%
Rental apartment yield: 4.5%
Scarborough
Scarborough is a diverse suburb with something for everyone - from glam apartments to suburban homes and seaside mansions. The beachy community has room left on its growth trajectory, as it still offers great surf views and relaxed vibes alongside tasty cafe culture!
Median house price: $800,000
Median apartment price: $515,000
Rental house yield: 3.9%
Rental apartment yield: 4.7%
Duncraig
Duncraig is a small, yet established community located a 30-minutes drive north of Perth. It's made up mostly of couples and families who have been living there for years, alongside newer residents that are looking at moving into the area due to its great schools as well as plenty of parks.
Median house price: $767,500
Median apartment price: $486,500
Rental house yield: 3.9%
Rental apartment yield: 4.8%
Willagee
If you can't afford to buy a house on the coast, then Willagee is an attractive investment location. Located 15 kilometres south-southwest of downtown Perth, and with prices rising over $100,000 since last year-- this small pocket suburb has seen strong growth in recent times!
Median house price: $638,000
Median apartment price: $305,500
Rental house yield: 3.9%
Rental apartment yield: 6.7%
Dayton
If you're looking to invest in real estate, but not near the hustle-and-bustle of downtown Perth - look no further than Dayton. This quiet suburb is only 15-minutes from CBD with all its amenities, yet offers an affordable lifestyle.
Median house price: $440,000
Median apartment price: N/A
Rental house yield: 5.0%
Rental apartment yield: 3.1%
Highgate
The median house price in Highgate has seen strong growth over the last year, at $915K. With great nightlife and public transport options nearby as well as employment opportunities for young professionals, this area makes an ideal spot to settle down with family or friends!
Median house price: $915,000
Median apartment price: $337,500
Rental house yield: 3.0%
Rental apartment yield: 6.2%
Rockingham
With a community that is made up primarily of elderly singles and young couples, Rockingham has become an attractive location for those looking to live out their retirement years in the warm climate. The beachside suburb’s proximity to Perth makes it one of Australia’s fastest-growing residential areas with strong rental yield potential as well!
Median house price: $430,000
Median apartment price: $315,000
Rental house yield: 4.6%
Rental apartment yield: 5.9%
Are you looking to purchase a property as an investment, or maybe for your first or second home as an owner-occupier? Regardless of who you are, we encourage you to get in touch. You can explore our properties for sale here.
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