Nedlands

About Nedlands

​Nedlands, located approximately 6 km west of Perth’s central business district, is a prestigious suburb renowned for its leafy streets, proximity to the Swan River, and proximity to esteemed educational institutions such as the University of Western Australia.​

Property Market Overview:

• Median Property Prices: Over the past year, Nedlands has experienced significant growth in property values. The median house price is approximately $2.36 million, reflecting a 12.6% annual increase. Units have a median price around $726,000, with a 3.2% annual decrease. ​

• Rental Market: The suburb’s rental market is robust, with houses renting for a median of $1,295 per week, yielding an annual rental return of about 2.9%. Units command a median rent of $655 per week, offering a rental yield of approximately 4.9%. ​

• Market Activity: In the past 12 months, Nedlands has seen 158 house sales, with a median sale price of $2.31 million, marking an 11% increase. The average time on market for houses is approximately 10 days, indicating strong demand. ​

Demographics and Lifestyle:

With a population of approximately 10,194 residents, Nedlands offers a suburban environment with convenient access to Perth’s amenities. The suburb boasts local shopping centers such as Claremont Shopping Centre and is well-served by public transport, with bus services connecting residents to Perth’s CBD and surrounding areas. Educational institutions like Sir Charles Gairdner Hospital and Hollywood Private Hospital are also within reach.

Investment Insights:

Nedlands’ 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 proximity to amenities, reputable schools, and public transport suggest a positive outlook for future capital growth and rental demand.