About Karrinyup

Karrinyup, located approximately 12 km north of Perth’s central business district, is a thriving suburb known for its residential appeal and proximity to urban amenities.​

Property Market Overview:

• Median Property Prices: Over the past year, Karrinyup has experienced significant growth in property values. The median house price is approximately $1,435,000, reflecting an annual growth rate of 19.6%. Units have a median price around $972,500, with a remarkable annual growth rate of 69%.

• Rental Market: The rental market in Karrinyup is robust. Houses rent for a median of $850 per week, yielding an annual rental return of about 3.9%. Units command a median rent of $750 per week, offering a rental yield of approximately 4.0%. Notably, median weekly rent prices for houses have increased by 34% over the past year, highlighting strong demand. ​

• Market Activity: In the past 12 months, Karrinyup has seen 160 house sales and 10 unit sales. Houses typically spend an average of 13 days on the market, indicating high demand and a responsive market.

Demographics and Lifestyle:

With a population of approximately 9,283 residents, Karrinyup offers a suburban environment with convenient access to Perth’s amenities. The suburb boasts the Karrinyup Shopping Centre, providing a range of retail and dining options. Public transport is well-served, with bus services connecting residents to nearby train stations such as Stirling and Warwick.

Investment Insights:

Karrinyup’s impressive property value growth, coupled with strong rental yields and a dynamic rental market, positions it as an attractive prospect for property investors. The low average days on market further underscore its investment potential. Additionally, the suburb’s ongoing development and proximity to amenities suggest a positive outlook for future capital growth and rental demand.