Selling points: Claremont is a blue chip suburb which is appealing to any investor as it offers both security and a sustained high return on investment. Its prime location being near the river, easy access to the city and surrounded by some of Perth’s prestigious schools are some of the main selling points. Claremont properties achieve strong long-term capital growth and the lower-priced properties continue to yield high rental returns.
Most sought after properties: At the moment, there is high demand for tired properties with larger land holding, knock-over projects with development potential and certain streets are in demand (primarily ones that are closest to the schools and the river). Any well priced apartments sub $600k are moving quickly as well.
Most common properties: A mixture of houses, townhouses and apartments. Amongst the houses, there is a mixture of character homes as well as contemporary homes. The apartment complexes range from small 1 bedders to luxury penthouses around the Claremont Quarter.
Top amenities: Prestigious private schools such as Methodist Ladies' College, Christ Church Grammar School, Presbyterian Ladies' College and Scotch College, close proximity to the Swan River, Claremont Quarter and Bay View Terrace shopping strip, Claremont Showgrounds (host of the Perth Royal Show), close to train station and bus services.
Local industry and business: Retail, real estate and hospitality.
Recent changes: The new Claremont Quarter has recently been completed which is home to many high fashion stores, luxury apartment complexes are part of the Quarter’s development, Bay View Terrace strip has recently been gentrified.
Best streets: On quiet, tree lined streets near the river; people like to be in walking distance to the water’s edge, within walking distance of the local schools.
Public transport: Claremont has 2 main railway stations (Claremont & Loch St) which runs regularly, there is also the Showgrounds railway station which only runs during special events. There are various buses that run throughout the area which makes it extremely accessible.
Main arteries: Stirling Highway is the main arterial route that runs through Claremont. It links the city to Fremantle. Claremont is located in between these two major hubs making it extremely easy to get into the Perth CBD and the port city of Fremantle.