
City Beach
About City Beach
City Beach, an affluent coastal suburb approximately 10 kilometres west of Perth’s central business district, is highly sought after for its pristine beaches, luxurious residences, and tranquil lifestyle. These attributes contribute to its strong appeal among property investors seeking premium opportunities.
Property Market Overview:
-
Median Property Prices: City Beach has experienced significant growth in property values. The median house price is approximately $3,007,500, reflecting a compound annual growth rate of 15.7%.
-
Rental Market: The rental market in City Beach is robust. Houses rent for a median of $1,325 per week, yielding an annual rental return of about 2.4%.
-
Market Activity: In the past 12 months, there were 106 house sales, with properties spending an average of 28 days on the market.
Demographics and Lifestyle:
City Beach has a population of approximately 6,609 residents. The suburb offers a variety of amenities, including the City Beach foreshore lined with eateries, restaurants, and a pub, providing a vibrant social scene alongside the calming natural appeal of the ocean. Other notable features include City Beach Oval, numerous parks and walking trails, and several schools.
Investment Insights:
City Beach’s substantial property value growth, coupled with its desirable coastal 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.
Explore other suburbs
Explore profiles of other suburbs and discover their unique characteristics and features.
More SuburbsSwitch to Blackburne Property Management
Looking for a property manager in City Beach? Contact Blackburne Property Management now for a FREE rental appraisal tailored to your City Beach property.
Switch Property Managers