As an affluent riverside neighbourhood, South Perth has long appealed to older couples and families. The suburb enjoys close proximity to distinguished private schools, Perth Zoo, UWA, the Swan River and more. Rental demand remains consistently high as more and more people look to a low maintenance lifestyle close to city comforts.
Yields, Growth & Vacancy Rates
Median property prices in South Perth over December 2023 hit an impressive $1,877,000 for houses and $500,000 for units.*
Rented units average $540 per week with a rental yield of 5.7%.* Vacancy rates are at record lows, with high rental demand creating considerable long-term opportunities.
Apartments at One Richardson start from $642k, offering real investment potential. With planned infrastructure attracting more people to the area, this premium South Perth address will be in high demand.
*realestate.com.au, December 2023