
Churchlands
About Churchlands
Churchlands, an affluent suburb located approximately 8 kilomeres northwest of Perth’s central business district, is renowned for its spacious homes, proximity to top-tier educational institutions, and abundant green spaces. These attributes contribute to its strong appeal among property investors seeking stable growth and rental opportunities.
Property Market Overview:
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Median Property Prices: Over the past year, Churchlands has experienced notable growth in property values. The median house price is approximately $1,904,500, reflecting a 6% annual increase. Units have a median price of around $590,000, with a significant annual growth rate of 31%.
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Rental Market: The rental market in Churchlands is robust. Houses rent for a median of $1,250 per week, yielding an annual rental return of about 3.3%. Units have a median rent of $600 per week, offering a rental yield of approximately 6.1%.
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Market Activity: In the past 12 months, there were 43 house sales, with properties spending an average of 13 days on the market. This indicates a high demand for housing in the area.
Demographics and Lifestyle:
Churchlands has a population of approximately 3,397 residents. The suburb offers a variety of amenities, including proximity to esteemed schools such as Churchlands Senior High School and Newman College. Additionally, it is near Herdsman Lake and various parks, providing ample recreational opportunities.
Investment Insights:
Churchlands’ consistent property value growth, coupled with its desirable location and strong rental yields, positions it as an attractive prospect for property investors. The low average days on market further underscore its investment potential.
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