Selling points: Central location, offering the lifestyle benefit of being within walking distance to the city centre, Kings Park, Swan River foreshore, train, shops, café’s, restaurants and work. The area holds strong rental demand from corporates, professionals and fly in/fly out workers; is a low risk investment with low vacancy rates and an ideal location for fully furnished and/or equipped rentals offering good yield.
Most sought after properties: Strongest volume demand would be for one or two bed, one to two bath apartments, preferably with one to two car bays, spacious balconies, storage, good public transport access, views and quiet location. Pools, entertainment areas and Gyms are a bonus, but not a priority. Top end apartments in boutique groups close to Kings Park, with views to the city and/or river are also sought after.
Most common properties: Predominantly one, two and three bed apartments, older semis and houses mainly in the sector north of the freeway, some classic federation homes which are now predominantly used for commercial purposes, a range of commercial office space, some light industrial and mixed use properties.
Top amenities: Kings Park overlooks the city and is ideal for exercising, picnics, dining (Fraser’s Restaurant, cafés) and walks. The Royal Kings Park Tennis Club and Evolution gym are also located within Kings Park. Train and bus access, restaurants, café’s, bars and employment are all economic drivers.
Local industry and business: West Perth is the central hub for small to large mining companies, the financial sector, oil and gas, mining, support and infrastructure companies. Major employers include: The state government, Conocophilips, Cardno, CBH, etc.
Recent changes: Many new apartment complexes have been developed; new commercial office developments; the development of Harbour Town - outlet shopping, increased level of owner occupancy investment.
Best streets: Traditionally the plum locations have been Bellevue Tce, Cliff Street, Mount Street and Malcolm Street. Arguably the best areas are in the southern sector close to Kings Park, and between Hay Street and Kings Park Road. These offer easy access to Kings Park, are generally quiet on weekends, can offer views to the city and river and close pedestrian access to the city and St Georges Tce.
Public transport: Excellent. City West Train Station takes you directly into Perth Central and through to Fremantle. The Transperth bus service operates to the outer suburbs and the Catbus (which is free) circulates around the city and into West Perth.
Main arteries: Thomas Street takes you north to North Perth, Leederville, Mount Hawthorn; and the Graham Farmer Freeway Tunnel off ramp leads to the eastern suburbs. Thomas and Hay Streets also take you to the suburbs of Crawley, Nedlands, Claremont, Subiaco, Shenton Park and Cottesloe. Cambridge Street takes you west to West Leederville, Wembley, Floreat and City Beach. Wellington and Murray Streets and Kings Park Drive lead directly into the city.