The Future of Perth’s Real Estate Market: Top Suburbs to Watch for Investment
13th September, 2024
The Future of Perth’s Property Market Starts Here
The future of Perth’s property market is shaping up to be one of opportunity, infrastructure-driven growth, and shifting buyer demand. For investors ready to act, identifying the top suburbs to watch for investment could mean the difference between short-term returns and long-term growth. Perth’s ongoing transformation—driven by infrastructure upgrades, demographic shifts, and affordability—has placed a spotlight on six standout suburbs: Ashfield, Embleton, Koongamia, Highgate, Brentwood, and Lathlain.
1. Ashfield
Overview: Just 9km from the CBD, Ashfield is emerging as a value-packed investment suburb. The recent completion of Redcliffe Train Station significantly improves access, while proximity to the Swan River and green spaces makes it attractive for families and professionals. Property prices are still below the Perth average, offering strong value and capital growth potential.
2. Embleton
With its close distance to the CBD and increasing development in parks and retail spaces, Embleton is one of the best Perth suburbs for growth. The suburb benefits from the Perth Airport expansion and growing local infrastructure. For investors, the mix of affordability and rising demand presents a compelling case.
3. Koongamia
Koongamia is quietly undergoing transformation, supported by new infrastructure and community development. The suburb is ideal for families seeking space, with housing prices remaining accessible for first-time buyers. For those looking at real estate investment in WA, Koongamia offers strong entry-level opportunities.
4. Highgate
Highgate continues to grow in popularity due to its proximity to Beaufort Street and the CBD. Gentrification, lifestyle appeal, and limited housing supply are driving demand. Though stock is limited, values are rising. It’s a suburb where early investors benefit from long-term capital appreciation.
5. Brentwood
Located near the Canning River, Brentwood offers a relaxed suburban lifestyle with great schools and new shopping facilities. Recent transport improvements are making the area more accessible. Brentwood offers a balance of affordability and liveability that’s catching the eye of smart investors.
6. Lathlain
Lathlain’s charm lies in its strong sense of community and proximity to major sporting venues. Revitalised parks, new infrastructure, and improved transport links are setting the suburb up for future growth. As demand increases, Lathlain is poised to become a standout in Perth’s investment scene.
Why These Suburbs? Key Growth Drivers:
- Government Infrastructure Investment: Transport upgrades and civic improvements drive long-term value.
- Lifestyle Appeal: Access to parks, rivers, schools, and cafés attract buyers and renters alike.
- Affordability Compared to Inner-City Suburbs: Each suburb offers relative affordability with room to grow.
- Proximity to Employment & Transit Hubs: Ideal for young families and professionals seeking connection.
Market Forecast
Industry experts forecast continued price growth in outer and middle-ring suburbs, driven by affordability and lifestyle demand. As infrastructure developments near completion, suburbs like Ashfield and Embleton are expected to see increased buyer competition and capital growth.
Conclusion
If you’re serious about property investment in Western Australia, the future of Perth’s property market lies in these growth-ready suburbs. Whether you’re after affordability, lifestyle, or long-term ROI, suburbs like Brentwood, Koongamia, and Lathlain are primed for opportunity.
Ready to take the next step? Connect with SHERLOCK Homes Group for tailored insights and strategic property advice.
Please note that the information provided in this blog is intended for general informational purposes only, and shouldn’t be construed as professional advice. It also may have changed between now and its time of publication, so we can’t guarantee its accuracy or completeness. As such, this means that we aren’t liable for any loss or damages arising from the use of the information provided in this post.