Applecross

About Applecross

Applecross, an affluent riverside suburb located approximately 8 kilometres south of Perth’s central business district, is renowned for its luxury residences, scenic views of the Swan River, and high-end amenities. These features contribute to its strong appeal among property investors seeking premium opportunities.​

Property Market Overview:

• Median Property Prices: Over the past year, Applecross has experienced significant growth in property values. The median house price is approximately $2,700,000, reflecting a 35.0% increase. Units have a median price around $770,000. ​

• Rental Market: The rental market in Applecross is robust. Houses rent for a median of $950 per week, yielding an annual rental return of about 2.8%. Units have a median rent of $700 per week, offering a rental yield of approximately 5.3%. ​

• Market Activity: In the past 12 months, there were 150 house sales, with properties spending an average of 29 days on the market. This indicates a high demand for housing in the area.

Demographics and Lifestyle:

Applecross has a population of approximately 6,887 residents. The suburb offers a variety of amenities, including the South of Perth Yacht Club, the Raffles Hotel, and the Canning Highway commercial area, which provides residents with numerous restaurants and shops. Additionally, Applecross is home to several parks and reserves, enhancing its suburban charm. ​

Investment Insights:

Applecross’s substantial property value growth, coupled with its desirable riverside location and upscale community, positions it as an attractive prospect for property investors. The strong rental yields and relatively short time on the market further underscore its investment potential.