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BlogBest suburbs to invest in Perth 2022

Best suburbs to invest in Perth 2022

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Perth home value’s grew by more than 13% in 2021 according to CoreLogic. Despite its strong growth, Perth remains Australia’s second cheapest capital city for buyers behind Darwin. With Australia’s property boom slowly losing steam, here are our tips for suburbs to invest in for 2022.

According to PRD real estate, new housing supply in Perth has been quite low, with not many houses coming on to the market.

So where should you invest in 2022?

1. Fremantle

Fremantle will always have relevance in the Perth property market.

According to REA, if you are looking for an investment property, it’s worth considering houses in Fremantle.

Houses rent out for approximately $645 per week with an annual rental yield of 3.5% and units rent for approximately $450 per week as it as a “high demand market”, and over the last five years, Fremantle has seen a compound growth rate of 3.7% for houses and 1.1% for units.

Median house price: $965,000

Median apartment price: $507,500

Rental house yield: 3.5%

Rental apartment yield: 4.6%

2. Subiaco

‘Subi’ is not only home to the West Coast Eagles AFL team but also a highly sought after housing market. Boasting one of Perth’s highest median house prices, it is made up largely of young professionals and independent youth.

Despite its high price tag, it offers strong rental yield and a heady mix of sophisticated bars, shops and restaurants, excellent public transport and consistent, leafy avenues lined with lovely old houses.

Median house price: $1,420,000

Median apartment price: $550,000

Rental house yield: 2.6%

Rental apartment yield: 4.5%

3. Scarborough

Scarborough real estate is very democratic, with something for everyone: glam apartments, suburban homes, mod townhouses and seaside mansions.

This beachside suburb still has room for strong capital growth, with its great surf, sea views, relaxed vibes and beachy cafe culture.

Median house price: $800,000

Median apartment price: $515,000

Rental house yield: 3.9%

Rental apartment yield: 4.7%

4. Duncraig

Duncraig is located 30 minutes drive north of Perth, and sits just off the coast.

With an older demographic, Duncraig is a well-established, high demand market for investors.

Older couples & families make up the largest percentage of people living in Duncraig followed by established couples and families, and maturing couples and families.

With great schools, parks and food scenes, it boasts strong potential for future growth.

Median house price: $767,500

Median apartment price: $486,500

Rental house yield: 3.9%

Rental apartment yield: 4.8%

5. Willagee

Just south of Perth, sits Willagee, an attractive investment location for those who may not be able to afford seaside Fremantle.

Willagee is located 15 kilometres south-southwest of the Perth central business district.

Willagee has seen strong growth in the last twelve months, with median house prices rising by almost $100,000 according to REA.

Median house price: $638,000

Median apartment price: $305,500

Rental house yield: 3.9%

Rental apartment yield: 6.7%

6. Dayton

Dayton is a suburb of Perth, Western Australia, located in the City of Swan.

Dayton is located north-east of Perth, and is only 15 minutes from Perth Airport.

A more affordable investment option, Dayton is poised to benefit from strong project development expenditure.

This project development will create employment opportunities that will benefit the local economy.

Median house price: $440,000

Median apartment price: N/A

Rental house yield: 5.0%

Rental apartment yield: 3.1%

7. Highgate

Highgate has seen strong median house price growth over the last year, with the average home costing $915,000.

Highgate sits in central Perth, and boasts great nightlife, public transport and employment options.

Listed as a high-demand market by REA Group, Highgate is an attractive suburb for young investors, with 32.3% of its population being made up of young independents.

Median house price: $915,000

Median apartment price: $337,500

Rental house yield: 3.0%

Rental apartment yield: 6.2%

8. Rockingham

Rockingham, located south of Perth, has become an attractive location for those looking for a more laid-back lifestyle.

The beachside town is made up of elderly singles and young couples according to REA.

Rockingham’s proximity to Perth has seen it become of WA’s fasted-growing residential areas and offers strong rental yield for investors.

Median house price: $430,000

Median apartment price: $315,000

Rental house yield: 4.6%

Rental apartment yield: 5.9%

9. Armadale

One of WA’s most affordable markets, Armadale, is located South-East of Perth.

Those looking to positively gear may want to consider Armadale as a location.

The demographic is made up of mostly families, meaning house and land will continue to be in demand in the future.

Median house price: $279,950

Median apartment price: $250,000

Rental house yield: 6.1%

Rental apartment yield: 6.2%

If you’re looking to invest in property, check our great range of investment home loans, or chat to one of our friendly lending specialists.

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