Floreat

About Floreat

​Floreat, an affluent suburb located approximately 7 kilometres west of Perth’s central business district, is renowned for its leafy streets, modern architecture, and proximity to pristine beaches. These attributes make it a highly attractive destination for property investors seeking both capital growth and rental yield.​

Property Market Overview:

• Median Property Prices: Over the past year, Floreat has experienced significant growth in property values. The median house price is approximately $2,200,000, reflecting an annual compound growth rate of 25.7%. Units have a median price around $950,000, with an annual growth rate of 23.4%.

• Rental Market: The rental market in Floreat is robust. Houses rent for a median of $1,087 per week, yielding an annual rental return of about 2.9%. Units rent for a median of $800 per week, offering a rental yield of approximately 4.9%. ​

• Market Activity: In the past 12 months, there were 115 house sales, with properties spending an average of 13 days on the market, indicating high demand.

Demographics and Lifestyle:

Floreat has a population of approximately 7,899 residents. The suburb offers a variety of amenities, including the Floreat Forum Shopping Centre, which features a range of cafes, eateries, and The Floreat Hotel, a popular local pub and bistro. Educational facilities include Floreat Park Primary School and Newman College. Recreational options abound with sporting facilities like the Western Australian Athletics Stadium, the headquarters of Rugby WA, Floreat Oval, and amenities for tennis, lawn bowls, and basketball.

Investment Insights:

Floreat’s substantial 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. Additionally, the suburb’s proximity to Perth’s CBD and its array of amenities enhance its appeal to both renters and homeowners, suggesting a positive outlook for future capital growth and rental demand.