East Perth has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 33.95% to date .
If we look at median property appreciation over just the last three months, East Perth has given property investors a paper return of 21.19%. This puts Suburb as 7 on a list of fastest fasting appreciating suburbs in WA
East Perth, 6004’s gross rental yield is 2.66%
East Perth is an average performer in WA when comparing median price capital growth over the last year. East Perth gave property investors a average capital gain figure when compared to the rest of the state, with -7.79%.
Over the longer term, East Perth has seen property prices show investors a -0.61% return over the last 3 years. This is worse than over the last 12 months
At number 58th of WA’s most discounted properties, East Perth is in the TOP 20% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 26.67 sales per month, which equates to 320 per year.
Renters in Suburb are facing rents around $22100 per annum or $425 every week.
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Sitting pretty by the Swan River, East Perth is a picturesque inner city suburb located just 2km from the Perth CBD.
A fast-growing suburb dominated by units and apartments, it is also known as a mecca for young and rich professionals who enjoy the convenience of being close to the city.
The Claisebrook Cove area is a major attraction in the suburb, thanks to its excellent recreational offering.
It’s an exclusive residential area with some houses fetching multi-million dollars.
However, the unit market remains affordable at $567,500.
While this price tag may seem hefty, East Perth’s track record of solid long-term growth means its resale potential is strong.
However, recently, there appear to be a large number of vacant properties according to Real Estate Investar, which put the suburb’s vacancy rate at a hefty 8%.
Terrace Road, Hay Street and Hill Street are among the most popular streets in the suburb and where many residents prefer to live.
Top amenities: East Perth is renowned for its many cafes and restaurants. Outdoor activities are plenty and very popular on the river. You can join aYoga or Pilates group, or a Fitness Boot Camp to stay in shape. There are plenty of schools, shops and supermarkets close by, making East Perth a great place to live for all ages including families.
Local industry and business: There is a huge diversity of business in East Perth, mostly small businesses such as florists, fashion retailers, beauty salons, coffee shops, art galleries, real estate agents and accountants. Most of Perth’s largest employers are in the heart of the city, just a few kilometres away, with most of the major mining companies, accounting and law firms, banks and retail giants based there. There is no major manufacturing industry in East Perth or immediate surrounds, which means no pollution and noise, although with freeway access so close, these industrial hubs are never far away, so employment opportunities are endless.
Public transport: Public transport here is great. Free cat bus services run daily every 20 minutes throughout Perth, taking you to your favourite East Perth locations, or to one of two train stations nearby, which can get you just about anywhere up and down the coast.
Main arteries: Peth city is pretty much at your front door. A five-minute cat bus ride or drive will take you right to the centre. Close access to freeways means the popular city beach and Cottesloe beach are only a 15-minute drive, as well as quick access to surrounding suburbs.