Perth’s housing market continues to grow with more people looking for the best places to invest in Perth. It is one of Australia’s most beautiful and vibrant cities, with so much to offer its residents and visitors. As its population grows, so does the property market. If you’re thinking of investing in a Perth property, now is the time to do your research on the Perth property market.
If you have a bit more capital to invest, you could go for areas like Fremantle and Subiaco. On the other hand, if you’re targeting tenants looking for cheap houses for rent or cheap apartments for rent in Perth, you can look for suburbs like West Perth and Belmont.
You also have to prepare yourself by doing some research:
Where are the best places to stay in Perth? Which areas offer the best potential for growth in the years to come? What’s the average rent in Perth? Knowing this will give you an idea of where to pitch your tent in the Perth property market.
This article will explore 10 of the best places you can invest in Perth in 2022 and show you some great apartments for rent in Perth.
Recommended Reading: What Will Predicted House Prices in 2030 Perth Look Like?
Best Places To Invest In 2022
1. Rockingham
- Median house price:$440,000
- Median rental price: $410 per week
- Median rental yield: 4.7%
Located around 30 minutes south of Perth’s central business district. Rockingham has beautiful beaches and a great mix of amenities and affordability, which makes this suburb an excellent opportunity for investors.
It has become an attractive location for those looking for a more laid-back lifestyle. Large light-industrial, warehouse, showroom projects, major auto dealers, all varieties of trade and professional services, inexpensive electrical appliances, building and landscaping supplies, and home and mechanical repair services are all nearby Rockingham.
With the median price and rental yield, Rockingham is definitely a place to look into if you are interested in an investment property in Perth.
See more properties for sale in Rockingham.
2. Duncraig
- Median house price: $850,000
- Median rental price: $650 per week
- Median rental yield: 4.6%
Located 16km north of Perth, Duncraig is a very leafy suburb with many parks and playgrounds, great schools, small neighbourhood shopping centres, and quality cafes. Duncraig, which has an elderly population, is a well-established, highly sought-after property market for investors, mainly due to its high median property value. The major percentage of people living in Duncraig are couples and families.
Explore more properties for sale in Duncraig.
3. Willagee
- Median house price: $657,500
- Median rental price: $520 per week
- Median rental yield: 4.3%
Situated 15 kilometres from Perth’s central business district. Fremantle and Perth’s central business district are easily accessible thanks to the intersection of the Leach Highway and Stock Road.
It boasts many parks and reserves, and there are also plenty of green spaces for kids to play in. With a busy shopping district on Willagee Road and plenty of restaurants and cafes to choose from, there’s something for everyone in this vibrant suburb. It should be on your list of prime areas to consider in Perth’s property market.
Discover more properties for sale in Willagee.
4. Mount Lawley
- Median house price:$1,225,000
- Median rental price: $665 per week
- Median rental yield: 4.0%
Located just 4km from Perth CBD. There are many things to do in Mount Lawley, which is popularly known for Beaufort Street. The bustling street is a must-visit location for locals and tourists and is renowned for its abundance of eateries, taverns, wine bars, stores, and cafes. Where there are tourists, there is a thriving property market, so you should definitely consider Mount Lawley for an investment property.
See more properties for sale in Mount Lawley.
5. Fremantle
- Median house price:$1,075,000
- Median rental price: $620 per week
- Median rental yield: 3.9%
Fremantle is a vibrant and multicultural port city with a rich history and a stunning setting on the banks of the Swan River. Development is also booming in Fremantle, with many new restaurants, cafes, bars, and shops opening up all the time.
Fremantle is definitely worth considering if you’re looking for an area with plenty of growth potential for public or private investment. The house prices are a bit high, but so is the associated property value.
Check out more properties for sale in Fremantle.
6. Leederville
- Median house price:$1,055,000
- Median rental price: $600 per week
- Median rental yield: 3.9%
Here are some of the key reasons why the Leederville housing market is a great place to invest:
- Its central location is close to Perth CBD and major transport hubs.
- It’s home to a variety of trendy cafes, bars, and restaurants.
- There are plenty of shopping options, both in Leederville itself and in the surrounding suburbs.
- It has a strong rental market, with high occupancy and low vacancy rates.
- It’s the perfect place to live if you love to be surrounded by culture and vibrancy.
Leederville is definitely one of the prime areas in Perth’s property market. An investment property here will have great value.
Discover more properties for sale in Leederville.
7. Scarborough
- Median house price: $908,000
- Median rental price: $645 per week
- Median rental yield: 3.6%
In a nutshell, Scarborough is a great place to invest because the suburb offers great value for money. The median price of properties here is significantly cheaper than in other areas of Perth but still offers a fantastic lifestyle and amenities.
Scarborough is a beachside suburb and just a stone’s throw away, making it the perfect spot for those who love the beach lifestyle. With the growth of Perth’s rental market, this would be a prime location to invest for great yield.
Check out more properties for sale in Scarborough.
8. Subiaco
- Median house price: $1,625,000
- Median rental price: $700 per week
- Median rental yield: 3.5%
This vibrant inner-city suburb is popular amongst renters thanks to its excellent public transport, leafy parks, and affordable prices. Plus, with new shops and developments popping up all the time, it will only become more popular in the years to come. This is a great time to look up the best suburbs in the area and pitch your tent.
Discover more properties for sale in Subiaco.
9. Northbridge
- Median house price:$1,390,000
- Median rental price: $440 per week
- Median rental yield: 2.3%
Don’t let the property prices scare you. Although expensive, Northbridge is an excellent location for property investment. Located in the heart of the city, Northbridge is a vibrant and lively neighbourhood that’s always buzzing with activity and well-serviced by public transport.
Thanks to its abundance of restaurants, cafes, bars, and nightclubs, it’s the perfect spot for young professionals and students who want to be close to the action.
And with an increasing gross rental yield, it’s no surprise that Northbridge is one of the most popular areas for real estate agents and investors in Perth.
See more properties for sale in Northbridge.
10. Cottlesloe
- Median house price: $2,850,000
- Median rental price: $1325 per week
- Median rental yield: 3.1%
Situated 11 km west of Perth CBD. This is one of the richest suburbs in Perth because of its stunning coastlines, wide selection of sports clubs and surf breaks, and welcoming atmosphere. It has several fantastic cafes, bars, restaurants, well-known supermarkets, shops, and services.
Cottlesloe beach is one of the most popular beaches in Perth. Getting investment properties here is a great decision that will bring massive yield.
See more properties for sale in Cottlesloe.
Why You Should Invest in Perth
There are plenty of reasons why you should invest in Perth in 2022. The city is experiencing steady growth, making it a lucrative place to get long-term investment property.
If you’re not going to self-manage your property, you’ll need to do your research on agency fees. Here’s a good explanation of rental management fees in Perth. It’s vital you understand these costs to help protect your yield.
Additionally, the cost of living in Perth is relatively low compared to other major Australian cities, and the unemployment rate is consistently lower than the national average.
What’s more? Perth is a safe and welcoming city with a great quality of life. It offers a diverse range of leisure activities, an excellent education system, and world-class healthcare facilities.
So if you’re looking for a place to invest your money, Western Australia, specifically Perth should be at the top of your list!
