Perth’s best suburbs to invest in

Perth’s best suburbs to invest in (for now)

With its stunning beaches, growing economy, and vibrant lifestyle, Perth offers a unique blend of natural beauty and urban development. In recent years, the Perth property market has shown real resilience and potential for growth, making it an ideal place for those looking to diversify their investment portfolios.

But then comes the Big Question: Where do you buy investment property in Perth? Here are our top Perth suburbs to invest in – for now.

Where to buy investment property in Perth

These are just a few suburbs that are considered promising investment opportunities based on rental yield.

 Orelia

Located in the City of Kwinana, Orelia’s rental yield has increased markedly over the past few years. With a blend of affordability, strong rental yields, and a growing community, Orelia is a great option if you’re looking to invest. Located 38km from Perth CBD, it’s a great balance of urban convenience and a relaxed, suburban atmosphere.

Orelia at a glance: 

• Median sales value: approximately $390K for houses and $201K for units
• Rental yield: historically high, at 6.59% for houses and 9.74% for units
• Median house rental price: $465 per week
• Media apartment rental price: $360 per week

 Location and connectivity:

• Distance from Perth CBD: 38km
• Transport: good public transport connectivity with access to bus services. Proximity to major roads like the Kwinana Freeway enhances connectivity to Perth CBD and surrounding areas.
• Nearby suburbs: Wellard, Parmelia, Bertram.

Lifestyle and amenities

• Parks and recreation: several parks and green spaces for outdoor activities, including the Thomas Oval and the nearby Kwinana Adventure Park.
• Shopping and dining: local shopping facilities with larger shopping centres accessible in nearby suburbs.
• Education: home to several schools catering to families with children of various ages.
• Community vibe: known for its friendly community atmosphere, making it appealing for families and individuals seeking a sense of belonging.

Future prospects

• Residential development: ongoing residential developments, increasing housing diversity and offering various options for investors
• Infrastructure: continuous improvement in local infrastructure and amenities is anticipated.
• Investment outlook: strong potential for capital growth and rental yield.

Kenwick

Just 17km southeast of Perth CBD, Kenwick offers up suburban tranquillity while still being relatively close to the action. With a strong sense of community, an abundance of green spaces, and proximity to several infrastructure projects, Kenwick has a lot of potential for future growth.

 Kenwick at a glance:

• Median sales value: approximately $460K for houses and $312K for units
• Rental yield: historically competitive, at 5.96% for houses and 7.55% for units
• Median house rental price: $500 per week
• Median apartment rental price: $410 per week

 Location and connectivity

• Distance from Perth CBD: 17km
• Transport: good public transport options with Kenwick Train Station providing access to the Perth metro area. Easy access to major roads like Albany Highway and Roe Highway.
• Nearby suburbs: Beckenham, Maddington, Thornlie.

 Lifestyle and amenities: 

• Parks and recreation: home to several parks and natural reserves, including the Brixton Street Wetlands and Kenwick Village Park.
• Shopping and dining: local shopping facilities and larger shopping centres in surrounding suburbs
• Education: a range of educationa Community vibe: known for strong community spirit and family-friendly environment.

 Future prospects

• Residential development: ongoing developments in residential areas, offering a variety of housing options.
• Infrastructure improvements: continuous development in local infrastructure expected to enhance Kenwick’s appeal and convenience, including the new Perth Stadium and the Kwinana Ring Road.
• Investment outlook: good potential for capital growth

 Parmelia

Also located in the City of Kwinana, Parmelia’s popularity is growing due to its affordability and potential for growth. Offering a peaceful lifestyle with convenient access to urban amenities, it’s attractive to families, first-home buyers, and investors alike.

 Parmelia at a glance:

• Median sales value: approximately $407K for houses and $177K for units
• Rental yield: 6.52% for houses and 9.01% for units
• Median house rental price: $480 per week
• Median apartment rental price: $350 per week

 Location and connectivity

• Distance from Perth CBD: 32km
• Transport: good public transport links, including bus routes. Close to major roads like Kwinana Freeway for easy access to Perth and surrounding areas.
• Nearby suburbs: Orelia, Kwinana Town Centre, Bertram.

 Lifestyle and amenities: 

• Parks and recreation: from the scenic Parmelia Park with its walking trails and picnic areas to the nearby Kwinana Bushland, residents have ample opportunities to unwind and connect with nature
• Shopping and dining: Parmelia offers a convenient array of amenities, including supermarkets, shops, cafes, and restaurants. The suburb also houses the popular Kwinana Golf Course, catering to golfing enthusiasts.
• Education: several top-rated schools like Seabrook Primary School and Frederick Irwin Anglican School
• Community vibe: known for its friendly community and safe, welcoming environment.

 Future prospects

• Residential development: ongoing residential developments catering to a range of preferences
• Infrastructure improvements: several developments, including the planned Chisham Avenue cafe strip with new bars, bistros, and luxury apartments.
• Investment outlook: strong potential for capital appreciation and solid rental returns

Wellard

Compared to some of the pricier coastal Perth suburbs, Wellard offers something a bit more affordable. A growing area known for its blend of modern living and community charm, Wellard offers a nice mix of residential, commercial, and natural landscapes.

 Wellard at a glance:

• Median sales value: approximately $500K for houses and $317K for units
• Rental yield: historically competitive rental yields, at 5.58% for houses and 7.31% for units
• Median house rental price: $550 per week
• Median apartment rental price: $475 for units

Location and connectivity

• Distance from Perth CBD: 37km
• Transport: Wellard connects to the rest of Perth via the Kwinana Train Station and regular buses. Major highways like the Kwinana Freeway and Roe Highway provide easy access, too.
• Nearby suburbs: Bertram, Leda, Parmelia

Lifestyle and amenities: 

• Parks and recreation: an abundance of natural spaces; scenic Len Howard Reserve with its lake, nearby bushland, and coastal areas.
• Shopping and dining: a growing range of amenities, including the vibrant Wellard Square shopping centre.
• Education: home to top schools including Wellard Primary School and Peter Carnley Anglican School
• Community vibe: known for its friendly and inclusive community vibe, with regular events and activities

Future prospects

• Residential development: ongoing residential growth with a mix of housing options to suit a range of buyers and renters.
• Infrastructure improvements: continuous development, including transport, schools, and community facilities
• Investment outlook: potential for capital growth and solid rental returns

Seville Grove

Seville Grove is something of an emerging suburb in Perth’s southeast, offering a mix of residential amenities and green spaces.

Seville Grove at a glance:

• Median sales value: approximately $450K for houses and $318K for units
• Rental yield: historically strong, at 5.95% for houses and 7.81% for units
• Median house rental price: $524 per week
• Median apartment rental price: $418 per week

Location and connectivity

• Distance from Perth CBD: 25km
• Transport: easy access to public transport with nearby bus services, and major roads like Albany Highway connecting Seville Grove to Perth and surrounding areas
• Nearby suburbs: Armadale, Kelmscott, Camillo

Lifestyle and amenities: 

• Parks and recreation: a number of parks and recreational facilities, including Armadale Botanic Garden.
• Shopping and dining: a growing array of amenities, including supermarkets, shops, cafes, and restaurants.
• Education: home to several schools
• Community vibe: known for family-oriented environment

Future prospects

• Residential development: ongoing residential development is enhancing housing diversity in the suburb
• Infrastructure improvements: continuous improvements in roads, public transport, and community amenities
• Investment outlook: good potential for capital growth and strong rental yields

What to look for when buying your investment property

• Location, location, location: look for properties in neighbourhoods with strong rental demand and potential for appreciation. Consider proximity to amenities, schools, and transportation.
• Property type: decide on what kind of property you want to invest in; each type has its advantages and disadvantages so weigh up what will work better for you.
• Market trends:research the local real estate market to understand current trends. Look at things like property values, vacancy rates, rent levels, and future development plans. You want to purchase in a stable or growing market.
• Property condition:assess the condition of the property. Are there any major repairs or renovations needed? Factor in potential maintenance costs when calculating your returns.
• Rental income potential: consider the rental income potential of the property. Look at comparable rental rates in the area and determine if the property can generate positive cash flow after expenses like mortgage, taxes, insurance, and maintenance.
• Appreciation potential: research the property’s potential for long-term appreciation. Look at historical price trends, economic indicators, and development plans in the area to figure out future appreciation potential.
• Property taxes: what are the tax rates? Will they impact your returns?
• Tenant demand: is there a consistent pool of renters? Low vacancy rates indicate strong demand and potential for consistent rental income.

READ MORE on why investing in property is a good idea.

Ready to invest?

With its blend of beautiful landscapes and urban development, Perth offers lucrative investment opportunities — especially in growing suburbs a little way out of the Perth CBD. Each suburb presents unique advantages in terms of rental yield and growth potential, and new suburb opportunities are popping up all the time.

If you’re looking to invest in Perth’s promising property market and need expert guidance to make the best choice, contact our team at Semple Property Group today. As a leading real estate agency in Perth, we can help you navigate the market and find the perfect investment opportunity that aligns with your goals.

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